Two different modules describe the same machine. Fixed assets answers what it is worth and how that value declines; Asset Management answers how it is kept working. Books, depreciation, disposal, functional locations and maintenance work orders.
The financial controller sees an item on the balance sheet: it cost a certain amount, it has depreciated by a certain amount, and it will eventually be disposed of. The maintenance engineer sees something that runs, breaks, needs servicing every eight hundred hours, and has a spares list.
A fixed asset is the record. Assets are classified into asset groups, which supply defaults: which books apply, what depreciation settings to start from, and the number sequence for assets in that group.
A functional location is the place — a production line, a station, a room, a position in the plant. A maintenance asset is the thing installed there.
The two registers describe overlapping populations. Not everything financial is maintained — a building's fixtures may never appear in a maintenance plan. Not everything maintained is a fixed asset — a low-value tool may be maintained but expensed.
It is tempting — one figure per asset, and depreciation continues from there. But it destroys the history:
Two modules describe the same machine, and both are needed for a complete answer.