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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
"The non-cash long lived asset impairments and inventory write-downs related to Prostatron will result in annual savings of $0.7 million in amortization expense and our recent 7% reduction-in-force will reduce annual expenses by nearly another $0.8 million.
[begin strikethrough]for which the accounting is based on the recorded amount (after reduction, if appropriate, for an indicated impairment of value) of a long lived asset exchanged or distributed.[end strikethrough]
Non-GAAP operating loss, which excludes share-based compensation expenses, and impairment of long lived assets, was RMB123.0 million (US$18.1 million) for the first six months of 2017, compared with a non-GAAP operating loss of RMB192.7 million for the first six months of 2016.
As far back as 1980, he noted, the American Institute of CPAs accounting standards executive committee sent the FASB an issues paper on the subject, Accounting for the Inability to Fully Recover the Carrying Amounts of Long Lived Assets.