fixed asset

  

Definition

Land, buildings, equipment, machinery, vehicles, leasehold improvements, and other such items. Fixed assets are not consumed or sold during the normal course of a business but their owner uses them to carry on its operations. In accounting, 'fixed' does not necessarily mean 'immovable;' any asset expected to last, or be in use for, more than one year is considered a fixed asset. On a balance sheet, these assets are shown at their book value (purchase price less depreciation).

News containing the term fixed asset

Loading...



http://www.businessdictionary.com/definition/fixed-asset.html


Enter your email address to get our free Term of the Day newsletter!

Nearby Terms

Popular 'Accounting & Auditing' Terms

Search volume for fixed asset

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z