fixed asset

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Fixed asset

Long-lived property owned by a firm that is used by a firm in the production of its income. Tangible fixed assets include real estate, plant, and equipment. Intangible fixed assets include patents, trademarks, and customer recognition.

Fixed Asset

An asset with a long-term useful life that a company uses to make its products or provide its services. Strictly speaking, a fixed asset is any asset that the company does not expect to sell for at least a year, but the term often refers to assets a company expects to have indefinitely. Common examples of fixed assets are real estate and factories, which a company holds for long periods of time.

fixed asset

An asset not readily convertible to cash that is used in the normal course of business. Examples of fixed assets include machinery, buildings, and fixtures. A firm whose total assets are made up primarily of fixed assets is in a less liquid financial position, thus entailing greater risk of a big tumble in profits if its revenues fall.
References in periodicals archive ?
The two companies use different depreciation policies: HJ depreciates its noncurrent assets using straight-line depreciation at the rate of 20 per cent of cost with no residual value; KL uses the reducing-balance method at 25 per cent per annum.
Each company purchased all of its noncurrent assets in the month the company was formed.
c)(i) Recommend, based on net present value, whether or not KL should replace its noncurrent assets.
The purpose of this paper is to provide practical guidance to practitioners in considering (a) whether noncurrent assets have been impaired, (b) how to measure the impairment loss, and (c) how to display the impairment loss in GAAP-based financial statements.
121 concerning whether an allowance account should be utilized when recognizing asset impairment in the held for sale category of noncurrent assets, since the declines in value in these assets are subject to recovery, practitioners probably should consider using an allowance account to offset any loss recognized in income.
Most noncurrent assets of most clients will fall in this category; and, the measurement principles applicable to this category are more difficult to apply.
9 million) from the sale of noncurrent assets and investment securities, despite JPY 11,079 million (US$131.
IFRS 5, Noncurrent Assets Held for Sale and Discontinued Operations (footnote to para.
Noncurrent assets that are classified as held for sale and directly associated liabilities are displayed separately as current assets and current liabilities only when meeting the IFRS 5 criteria for held-for-sale.
2 million) from sales of noncurrent assets, such as patents related to plasma displays, despite capital expenditures of JPY 5,890 million (US$61.
Regarding improving the Company's financial position, Pioneer has worked to generate cash mainly through inventory reductions and the sales of noncurrent assets such as patents related to plasma displays.
11 implementation in the general long-term debt account group and setting up reserved fund balances for any noncurrent assets resulting from the statement's implementation.