Understanding the Asset Master Record
The asset master record includes the basic information that identifies an asset. You must create asset master records so that you can:
Manage asset depreciation.
Track asset costs.
Record asset splits, transfers, and disposals.
(Release 9.2 Update) If you are leasing non-property assets, and you need to account for them on your balance sheet, you create the asset records in the Fixed Asset system, and then add the asset to a lessee lease. You then process those leases using the Balance Sheet Lessee Accounting feature in the Real Estate Management system. See Balance Sheet Lessee Accounting (Release 9.2 Update) in the JD Edwards EnterpriseOne Applications Real Estate Management Implementation Guide for additional information.