To track your assets in EBS solution is Installed Base. Here are some sample questions you can find answers with Installed Base:
"Where exactly is my Copier that’s making me money & what’s happened to it?
Where is that Car we leased out & customer wants us to repair? How many cars?
Where do I have copiers installed at various offices across country & how many copies did we print in last 3 months in division xxx?"

Following link covers the subject in detail so i will not repeat the info:
http://apps2fusion.com/at/rs/362-oracle-install-base-track-your-assets-and-items