Fixed assets enable their owner 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).
Use fixed asset in a sentence
Sometimes having your business run with a fixed asset will make you more money because there are little production costs.
Owning a fixed asset can be a great investment opportunity as long as people keep coming back to use it
The industrial shredders finally arrived, adding yet another fixed asset to the long list of machines and equipment that the company had spent big money on over the years.