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 UFACTORY | UWARE - Unified Business Applications for Manufacturing, Wholesale and Retail Enterprises.
Asset Groups
Asset Groups allow a company to logically group assets based on their physical characteristics in a manner suitable for accounting. Each asset group is associated with default depreciation method and asset life. An asset group hierarchy allows tracking different kinds of assets in master and subgroup associations.

Assets
Assets are valuable tangible resources of a company. Assets offer a framework where their depreciation can be tracked and maintained