Feature
Track what you own across its whole life, from the day it arrives to the day you dispose of it. Depreciation posts to your accounts on a schedule instead of being remembered at year-end, so the book value of your equipment is a number you can read rather than one your accountant reconstructs. Allocation records who holds an asset, and maintenance records what has been done to it.
You buy a van. It is recorded as an asset, allocated to the driver who uses it, and depreciated on a schedule that posts to your accounts every period. Its services are logged against it, and when you sell it the disposal records the gain or loss without anyone working it out by hand.
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