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In this tutorial by Randy from Excel for Freelancers, viewers will learn how to create an Asset and Tool Manager. The training covers step-by-step instructions to build a fully functional application that includes features such as automated filtering, adjustments, repairs, and depreciation. Additionally, the tutorial includes functionalities for staff check-ins and check-outs, location-based check-ins, and managing repairs while tracking activities over the last 12 months. This highly requested training aims to equip users with the necessary skills to effectively manage assets and tools.