fixed asset


Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.
Related to fixed asset: Current asset, Fixed asset turnover

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 ?
New Version Increases Fixed Asset Management Efficiency, Supports Accounting for Tangible Property Repairs Regulations
New features for 2004 include, among others, scanner support that allows paperless storage and easy retrieval on demand of fixed asset files for invoices, sales documents, warranty, and even photographs.
Company X's fixed asset historical cost balance--$50 million
Communicate selected asset disposition changes (disposal, loss, or transfer) to the fixed asset accounting system
AcSEC does not have the authority to provide further guidance on level-A topics, such as fixed asset and inventory accounting.
In July 2014, NCUA Board Member Rick Metsger said the plan to eliminate the 5% cap on fixed assets would provide regulatory relief for federal credit unions.
BNA Fixed Assets G/L Integrator software delivers a comprehensive and flexible system to help customers accurately and confidently manage their company's fixed assets and depreciation.
says Becky Say[ors, manager of Fixed Assets and Inventory Services at Virginia Polytechnic Institute.
Improvements desired: Better fixed asset screen layout, better use of pull-down menus, improved integration of multistate returns, ability to review state forms on screen, support for more states.
Their partnership marries the best of both worlds; combining the powerful technology of Red Moon Solutions' Fixed Assets Manager, a top-rated fixed asset management software, and Sirius Solutions' extensive corporate tax knowledge and experience to provide a superior solution to help corporate tax departments deliver results quickly with fewer resources.
We found out that over the five-year window that we looked at (through December 2013), the changes in net worth ratio, ROAA and delinquency ratio were comparable between federal credit unions with high and low fixed asset ratios.
This version updates the stand alone desktop and client server fixed asset products, which include BNA Fixed Assets Desktop, DesktopPro, and Server.