Definition Fixed Assets. Description.
Fixed Assets are long-term assets that will not be converted
to cash in the short term, but are used in the operation of the business.
Also known as Property, Plant and Equipment.
Examples include land, buildings, equipment, transportation
vehicles, plant, machinery, furniture and computers. There may also be
intangible fixed assets such as patent rights or copyrights.
These assets are quantified on the Balance Sheet and
depreciation expenses are taken
on them. Companies may protect themselves against property loss or damage caused by disastrous events by having a Commercial Property Insurance.
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Fixed Assets Special Interest Group
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Compare with: Current
Assets | Capital
Assets | Intangible
Assets | Return on Net Assets | Assets Held For Sale
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Fixed Assets Sponsor
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Special Interest Group Leader
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