fixed asset definition

fixed asset

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).

fixed asset is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.

fixed asset appears in the definitions of the following terms: balance sheet item, capital asset, fixed charge, month-end closing, directors' report, addition, sale and leaseback, property, plant, and equipment, average fixed assets, life cycle costing and

fixed asset appears in the other terms: sales to fixed assets ratio, depreciation to fixed assets ratio, fixed asset turnover ratio, net fixed assets, fixed assets (net) to net worth ratio

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