Manage Assets - Create Asset - Clarifications requested

Summary:

I have a query in the edit assets page wrt asset maintainability. I would like to get the intended functionality right.

How You Edit Asset Attributes

(Reference : Originally posted as part of a consolidated thread Manage Assets - Create Asset UI attributes - Clarifications requested — Cloud Customer Connect )

Content (please ensure you mask any confidential information):

Allow maintenance programs	The check box indicates whether or not the asset can be maintained using a preventative maintenance program. The check box is selected by default for assets based on an item that's setup as full lifecycle tracked. You can deselect the check box if you don't want the asset to be considered for preventive maintenance.