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Fixed Assets |
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Description of Fixed Assets. Explanation. |
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, Plan 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.
Compare with: Current Assets | Capital Assets | Intangible Assets | Return on Net Assets |
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More Management Methods, Models and Theory | Return to Management Dictionary | |
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End of description Fixed Assets. An explanation. |
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