fixed asset

(redirected from Long Lived Assets)
Also found in: Dictionary, Legal.

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 ?
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.
Adjusted EBITDA (non-GAAP), defined as EBITDA excluding share-based compensation expenses, foreign exchange gain (loss) and impairment of long lived assets, was a loss of RMB113.1 million (US$16.7 million) for the first six months of 2017.
In long lived asset is to be abandoned or distributed to owners in a spinoff together with other assets (and liabilities) as a group and that disposal group is a component of an entity, (15) paragraphs 41-44 shall apply to the disposal group at the date it is disposed of.