FIXED ASSET LIFECYCLE MANAGEMENT

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[ ] Register New Asset: Create a new entry in the Fixed Assets data model when a new asset is acquired.
[ ] Assign Asset Tagging: Create a task for the inventory clerk to physically tag the new asset.
[ ] Update Asset Status to Active: Update the status field in the Asset data model once tagging is complete.
[ ] Fetch Depreciation Schedule: Retrieve the monthly depreciation values from the Depreciation Schedule data model.
[ ] Calculate Net Book Value: Calculate the current value by subtracting accumulated depreciation from the original cost.
[ ] Calculate Total Portfolio Value: Sum the Net Book Value of all active assets in the data model.
[ ] Schedule Annual Audit: Create a recurring task for the finance team to verify physical existence of assets.
[ ] Notify Department Head: Send an email to the relevant manager when a new asset is assigned to their cost center.
[ ] Update Maintenance Log: Update the last maintenance date in the Asset data model after a service is performed.
[ ] Initiate Disposal Workflow: Create a task for the IT/Operations manager to approve the decommissioning of an asset.
[ ] Check Disposal Approval: Get the approval status from the Asset Disposal data model.
[ ] Remove Asset from Active Registry: Delete or remove the asset entry from the 'Active Assets' data model view.
[ ] Generate Monthly Depreciation Report: Create a report summarizing all depreciation expenses incurred during the month.
[ ] Alert Security of Asset Movement: Send an SMS to security personnel when high-value assets are marked as 'In Transit'.

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