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Fixed asset


Fixed assets, also known as tangible assets or property, plant, and equipment ( PP&E), is a term used in accounting for assets and property that cannot easily be  ...

Fixed Asset Definition - AccountingTools


Definition: A fixed asset is an item with a useful life greater than one reporting period, and which exceeds an entity's minimum capitalization limit. A fixed asset is ...

Fixed Asset Definition | Investopedia


A fixed asset is a long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be consumed or converted  ...

What are fixed assets? | AccountingCoach


The amount of a company's fixed assets is reported in the noncurrent (or long- term) asset section of the balance sheet under the header Property, plant and ...

What is fixed asset? definition and meaning - BusinessDictionary.com


Definition of fixed asset: An asset that is not consumed or sold during the normal course of business, such as land, buildings, equipment, machinery, vehicles, ...

What are fixed assets? | Debitoor Accounting Glossary


The term fixed assets refers to assets that cannot be converted into cash easily - most notably a company's property, plant and equipment. These assets are ...

How to Account for Fixed Assets with GAAP | Chron.com


If your business has fixed assets, generally accepted accounting principles, or GAAP, can serve as a guide to properly account for these long-term tangible ...

Category:Generally Accepted Accounting Principles - Wikipedia, the ...


Articles about generally accepted accounting principles. ... States · Fiscal year · Fixed asset · Fixed investment · Furniture, fixtures and equipment (accounting) .....

Chapter 3. Property and Equipment - FRB: Financial Accounting ...


Feb 24, 2016 ... Generally Accepted Accounting Principles (GAAP) generally require fixed assets to be recorded at their cost, including all normal expenditures ...

Popular Q&A
Q: How to Depreciate a Fixed Asset.
A: One of the basic principles of accrual accounting is to match expenses to the period in which they are used. In the case of many fixed assets, they are used ove... Read More »
Source: www.ehow.com
Q: What Are Tangible Fixed Assets?
A: A company's balance sheet includes both its assets and liabilities. Not all assets are created equal, however. Company assets can either be fixed or current. Co... Read More »
Source: www.ehow.com
Q: How to Account for Fixed Assets.
A: Three Methods: Determining Acquisition Costs and Useful Life. Depreciating and Amortizing a Fixed Asset. Reporting Fixed Asset Values. Community Q&A. A fixed as... Read More »
Source: www.wikihow.com
Q: What are fixed assets in busines?
A: Fixed assets are the assets the benefits of which is to be taken by company for more than one fiscal year in future like land, building, plant & machinery etc. Read More »
Source: wiki.answers.com
Q: What is revaluation of fixed assets?
A: Revaluation is the upward or downward adjustment in the value of a fixed asset to account for major changes in its fair market value. FASB does not allow upward... Read More »
Source: wiki.answers.com