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 ?
In Chapter 8, you learned about the valuation of perennial crops, the base value approach for valuing raised breeding livestock, the valuation of other non-current assets, such as purchased breeding livestock, machinery and equipment, land, buildings and improvements, and investments, how to allocate the cost of non-current assets, how to account for discarding non-current assets, and how to provide additional information in disclosure notes to accompany the financial statements.
Concept [t;T] [DELTA] Working capital [DELTA] Non-current assets (net of depreciations and amortizations) [DELTA] Non-current liabilities [DELTA] Equity
Annual accounts of the last financial year registered in the Mercantile Registry, positive working capital and solvency ratio, that is, the ratio of current assets to non-current assets / current liabilities + non-current liabilities greater than 150%.
Calculation: the NCA turnover (a number) is derived by dividing the revenue shown on the company's income statement by the total figure for non-current assets on its statement of financial position.
IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations
17 August 2011 - Norwegian shipping group Odfjell SE (OSL:ODF) said today it turned to a net profit of USD16m in the first half of 2011 from a year-earlier loss of USD68m, mainly due a USD25m capital gain on non-current assets.
8 bln), which was 5% above the consensus, but 28% below our estimate, as we did not take account of the non-operating loss on non-current assets, which amounted to RUB18 bln ($ 0.
INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 2007 2007 2006 Income ($) ($) Membership Subscriptions 18,883,886 17,718,392 NursePower Fund Subscriptions 5,019,767 4,707,187 Other Income 2,657,313 1,909,651 TOTAL INCOME 26,560,966 24,335,230 Less total expenditure (24,747,015) (18,092,674) SURPLUS FOR THE YEAR 1,813,951 6,242,556 BALANCE SHEET AS AT 31 DECEMBER 2007 2007 ($) 2006 ($) ACCUMULATED FUNDS 26,564,633 25,512,639 Represented by: Current Assets 4,351,177 5,436,964 Non-Current Assets 27,362,289 24,916,545 TOTAL ASSETS 31,713,466 30,353,509 Current Liabilities 2,318,540 4,488,734 Non-Current Liabilities 2,830,293 352,136 TOTAL LIABILITIES 5,148,833 4,840,870 NET ASSETS 26,564,633 25,512,639
The International Accounting Standards Board (IASB) in March issued international financial reporting standards (IFRS) 3, Business Combinations; 4, Insurance Contracts; and 5, Non-current Assets Held for Sale and Discontinued Operations (http://shop.
Non-current assets at 31 December 2011 570,000 Depreciation in 2012 (25%) 142,500 31 December 2012 427,500 Depreciation in 2013 (25%) 106,875 31 December 2013 320,625