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.
(business, accounting) Asset or property which cannot easily be converted into cash, such as land, buildings and machinery.
Fixed-asset Sentence Examples
depreciable amount of a tangible fixed asset should be allocated on a systematic basis over its useful economic life.
I mean who gives a toss about the transfer between funds to reflect the straight line devaluation of the fixed asset.