Asset cost lifecycle
Track asset value over time, understand maintenance costs, and plan replacements before they become urgent.
- Book value over time. See what each asset is worth today and how its value depreciates year by year, based on its purchase cost, service date and lifespan.
- Costs linked to each asset. Repairs and servicing appear on the asset's cost chart, with each expense linked to its original record.
- Repair or replace. Set a maintenance cost threshold and let fam. flag assets that cost more to maintain than to replace. Notify the people responsible in the app or by email.
- Replacement cost trends. Track how replacement prices change over time, with separate yearly trends for each asset type.
- Depreciation rules. Set lifespan, residual value and depreciation method for your organization, then override them for specific categories or assets.
This asset is a working example from the product demo. Open the demo to track one.