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 ?
Non-current assets are those assets used in the operation of the farm business that are expected to last more than one year.
This chapter covers the valuation of non-current assets. Specific issues are the cost of the asset and the allocation of the cost.
Non-current asset turnover has risen from 1.81 to 1.85, which still compares unfavourably with the sector average of 1.93.
The digitally launched training programs include Talal Abu-Ghazaleh for Small and Medium Enterprises, Digital Marketing, Accounting for Non-Accountants, Substantive Examination of Trademarks, as well as the International Arab Certified Public Accountant (IACPA) which includes the Presentation of Financial Statements in accordance with International Accounting Standards, the Preparation of Cash Flow Statement under IAS 7, Cash and Receivables Accounting, Inventory Accounting under IAS, Non-current assets accounting and intangible assets accounting.
Total assets were valued at QR35.97bn comprising current assets of QR12.56bn and non-current assets of QR23.41bn at the end of nine-month ended September 30, 2018.
"It was noted that the consolidated financial statement of IL&FS holding company and its subsidiaries, associates and joint ventures projected a picture through highly exaggerated depiction of non-current assets in the form of intangible assets amounting to over Rs 20,000 crore," it had said.
The company's statistics also recorded that as of June 30, 2017, variation as against to FY 2016 is; shareholders equity grew by Rs 11.3 billion because of net retained income generated during the year, total non-current assets declined by Rs.
The National Assembly KUWAIT, May 16 (KUNA) -- The National Assembly on Wednesday approved estimates of Directive 3 - Capital Expenditure - Chapter 2 (purchase of non-current assets), of the draft bill on linking the budgets of ministries and government departments for the FY 2018-2019, and referred it to the government.
In accordance with IFRS 5 (Non-Current Assets Held for Sale and Discontinued Operations), Animal Health results in 2016 and gain on disposal in 2017 are reported separately.
The audited total assets of ANK as at 31 December 2015 were approximately RUB 360m, with non-current assets being approximately RUB 138m.
In addition to these provisions, an impairment loss of e1/484 mln was recognised against the carrying value of non-current assets within IFRS 5 measurement scope during the fourth quarter of 2014."