Specifying an activity's economic type enables the Method/Life Wizard to select the correct lives to use when Machinery, equipment, or fixture is chosen as the asset class.

To specify an activity's economic type, complete the following steps.

1. Open the desired client.
2. Choose Setup > Activities .
3. Select the appropriate activity and click the Edit button, or add an activity.
4. Make the appropriate selection in the Economic type field.

If you choose not to specify the activity's economic type in the Setup > Activities dialog, the application prompts you to choose an economic type the first time Machinery, equipment, or fixture is chosen in the Method/Life Wizard for an asset.

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