What application can help track assets in different physical states throughout their life cycle?

The application that is best suited for tracking assets in different physical states throughout their life cycle is Condition Codes. Condition codes are specific indicators that represent the various states or conditions of an asset, such as new, refurbished, in repair, or retired. By using condition codes, organizations can effectively monitor and manage the status of their assets, facilitating better decision-making regarding maintenance, usage, and replacements.

This capability is essential for comprehensive asset management, as it allows for real-time tracking and reporting of asset conditions over time. By applying condition codes, users can easily identify the current state of an asset and its suitability for use, ensuring that resources are effectively allocated and that operational efficiency is maintained.

In contrast, while the Asset Management application provides a broader framework for managing assets, it does not focus specifically on the various physical states that they can be in throughout their life cycle. Inventory Usage pertains to the tracking of supplies and materials rather than the conditions of fixed assets. Stocked Tools refers more to the tracking of tools and equipment inventory, which does not capture the detailed condition or life cycle states of assets. Thus, Condition Codes is the most appropriate choice for tracking physical state variations in assets throughout their lifecycle.