Use the Asset Master application to perform all actions required for maintaining fixed asset master records, including setting up location, responsible business unit & employee, status, serial number, and more Set up the depreciation rules and general ledger accounts to be used when calculating depreciation, and performing transfers, retirements, & revaluation Use Warranty master to maintain all the warranties associated with a specific asset View open and closed incidents for a specific asset or warranty Depreciation expense allocations runs automatically as part of the depreciation expense process.  Allocate an asset's depreciation expense amount across multiple business units