Is it possible to create Sub minor asset categories for minor asset categories

Summary: We want to classify the Minor categories asset into sub minor asset categories and allocate different useful life of asset for both the sub-minor assets in oracle fusion. Is it possbile to do so ?

Content (please ensure you mask any confidential information):

Ex: Asset A is a major category asset

Asset B is a minor category asset

now sub minor asset categories Asset C and Asset D are assets of minor category asset B with useful life 3 yrs and 5 yrs respectively.

How to do the classification of the same in oracle fusion ?

Version (include the version you are using, if applicable):