FIXED ASSETS Definition

Bookmark and Share

FIXED ASSETS are those assets of a permanent nature required for the normal conduct of a business, and which will not normally be converted into cash during the ensuring fiscal period. For example, furniture, fixtures, land, and buildings are all fixed assets. However, accounts receivable and inventory are not. Sometimes called PLANT.

An indicator of a sustainable competitive advantage is if valuable assets on the books at valuation indicate that they are valued at < market price. If so, it may tell about the mindset of the firm's management looking for sustainable competitive advantages.

Learn new Accounting Terms

RECEIVABLE is an amount awaiting receipt of payment.

SHEQALIM (SHEKALIM) is a currency of Israel.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.