Fixed-asset definition

An asset that will not be consumed in the short term, such as a building, equipment, and furniture. These assets are quantified on a company’s balance sheet and depreciation expenses are taken on them.
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(business, accounting) Asset or property which cannot easily be converted into cash, such as land, buildings and machinery.
noun
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Other Word Forms

Noun

Singular:
fixed-asset
Plural:
fixed-assets