Fixed Assets

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What are Fixed Assets?

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.

Forum Forum about Fixed Assets. 🔥 Life Cycle of Fixed Assets What is the life cycle of fixed assets?... 3   1 comments Impairment and Valuation of Assets What is the impact of impairment on the valuation of assets?... 3   2 comments Managing Fixed Assets How should organizations manage their fixed assets?... 3   1 comments Start a new topic about Fixed Assets Sign up for free

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Information Sources Various sources of information regarding Fixed Assets. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops. Introduction to the Balance Sheet Initial Understanding of a Balance Sheet, Financial Statement Analysis, Accounting This video explains the main terms you need to read a balance sheet Assets: things a company owns that have value. -...

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Compare with: Current Assets  |  Capital Assets  |  Intangible Assets  |  Return on Net Assets  |  Assets Held For Sale

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