Item Status controlled attributes behavior and best practice to be followed

Summary:

Item Status controlled attributes behavior and best practice to be followed for defining the status controlled attributes "USAGE" (Default/None/Inherited)

Content (please ensure you mask any confidential information):

We are defining item templates where expectation is that values of operational attributes specified in the template should be considered and defaulted during item creation. We are also passing the item Status in item template. Lets consider below requirement.

In Item Status configurations of "Active" status, Attribute Inventory Asset value= Yes and Usage is Defaulted.

In the Item Template "Service Item", Item Status="Active" and Inventory Asset value= No.

Below are my queries:-