Asset Attributes - Master Data and Updates

TransAM assets have two kinds of data attributes:

• Master data describe the asset, but generally do not change over the life of the asset. For example, a vehicle's Vehicle Identification Number (VIN) will never change, nor will the manufacturer, or the date on which the vehicle was purchased. The Serial Number of a computer server is another example.
• Updates are data that describe the asset but change over time.  A vehicle's mileage, condition, and even the garage in which it is housed change routinely and regularly.  An HVAC unit may be taken out of service, but then put back in service later.

When you Edit the master data (Master Record & Depreciation Data), the old data is erased forever. However, if you perform an Update to the asset, the new data is captured, and a record of that event is preserved as part of the asset's history. You can view an asset's historical events and even export this information to excel to report on information such as change in condition, mileage and other regular updates.

• To Edit an asset, navigate to an asset detail page and select the Actions button to display a menu of options. Hover over the Edit menu to display an additional menu and select either Master Record or Depreciation Data.
• To Update an asset, navigate to an asset detail page and select the Actions button to display a menu of options. Hover over the Update menu to display an additional menu listing available asset events. The following table lists the types of updates available and the asset types to which the option relates: