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https://help.salesforce.com/apex/HTViewHelpDoc?id=assets_fields.htm&language=en_US
Issues
No History Tracking, but you CAN have Feed Tracking!
Assets has not tab by default which is silly. Try these tricks to create an Assets Tab - https://success.salesforce.com/ideaview?id=08730000000BqwbAAC or http://salesforce.stackexchange.com/questions/41533/how-can-i-display-assets-as-a-tab-page or http://blog.wdcigroup.net/2013/10/salesforce-asset-tab/
Like Opportunity Line Items, Campaign Members, or Contact Roles; Assets does not Allow Record Types.