FIXED ASSETS (NET) Definition

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FIXED ASSETS (NET) is all property, plant, leasehold improvements and equipment, net of accumulated depreciation or depletion.

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MEDIUM TERM ASSETS, usually, are those assets that are expected of having a useful life of between six months and two years of the present.

COST REDUCTION is actions taken in the present designed to decrease costs in the present. See COST AVOIDANCE.

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