Hi Preethi,
Usually the status change of equipment master would not impact the asset master in standard set-up. I believe this is intentional as there are different consequences in Financial Accounting, including the impacts on the company balance sheet.
Hence you need to speak with your Finance expert and if agreed, come up with a suitable enhancement. It could be an email that get's triggered to finance & maintenance planner associated with the finance asset and equipment master respectively. I wouldn't suggest any automated change on the Finance Asset based on changes in the Technical Asset (such as equipment or functional location). For example, setting the status INAC could be from technical perspective and the asset in Financial Accounting may have to remain. Business may want to bring back the Technical Asset (equipment here) from INAC to AVLB or INST.
Anyhow, I would suggest you consult your Finance counterpart and decide the custom action you want to take here.
Hope this helps.
Regards,
Vijay
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