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title: "Asset Maintenance"
canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31096866/Asset%20Maintenance"
format: markdown
---
These processes explains how to create and maintain Assets, including both primary and subsidiary assets. To create and maintain Assets, including both primary and subsidiary assets, perform the following: 1. From the  ProStix Main Menu  select ' General Ledger ' then ' Asset Register ' then ' Asset Maintenance' . 2.    If required, select the relevant company from the  'Select Company'  screen.   3. Use the following options as appropriate, then select <F1> when complete. Refer to the 'Asset Maintenance Options' collapsible link for a screenshot and an explanation of some these options. 3. If adding a Primary Asset, select ' New Asset Primary '. Refer to the 'New Asset Primary fields' collapsible link for a screenshot and an explanation of these options.  4. The 'Company Book Details' and 'Tax Book Details' screen requires you to type the Company and Tax Book Depreciation details.  Before typing information into these fields, note the following: The method and rate of depreciation may differ if required between the company and  tax books. E ach code is assigned a 'Prime Cost' depreciation rate percentage and a 'Diminishing Value' depreciation rate percentage. 5. The asset has now been created, however, there is more information required to complete the full details of the asset. This information is entered in via the  Asset Maintenance Options . 6. If adding a Subsidiary Asset, select ' New Asset Subsidiary '. Refer to the 'New Asset Subsidiary fields' collapsible link for a screenshot and an explanation of these options.