for what is Parent Asset field is used?

AI generated answer (using internal Slack threads):

The Parent Asset field is used in a parent-child relationship between asset records. This relationship is typically established between a base asset record (parent) and a specific asset record (child). The child record would have fields sourced from the parent, allowing all details about the asset to be visible on a single record. This setup can help in reducing clutter and maintaining a structured and organized record system. For example, in the context of fixed assets, a company might need to track the usage of a fixed asset by a customer. A custom record in NetSuite called "Customer Asset Usage" could be created, logging the asset (linked via the Parent Asset field), customer, usage dates, and total hours used. This allows for detailed tracking and invoicing based on this usage data. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******