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We are setting up OpenERP and running into a conundrum. We have assets (computer tape drives, disks and PC systems) that we can record as assets, they have value and depreciate etc., but we sometimes rent these out or take them offsite, and in some cases sell them. Anyone got any thoughts on how we can keep track it seems to me as is though we should be treating them as stock that we also use within the company, but there might be another approach that I am missing.

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Using the inventory is a normal approach for this scenario. You will have to create delivery order or incoming shipments for every move.

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Thank you so much Fabien, we will take a look at the inventory.