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    Fixed Assets - What Is It, Types, List, Examples, …

    • Learn what fixed assets are, how they differ from current assets, and how to account for them in a business. See examples of tangible and intangible fixed assets, such as land, building, machinery, softw… See more

    Example #1

    Downey is thinking of starting a business near the coast of Gujarat. First, he starts a firm with the name of 3M and registers it with the relevant authorities. Then, he purchases t… See more

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    Example #2

    Fun and foods, a leading company that sells hamburgers, is now considering an expansion plan. It has considered Italy the next country where it would like to establish its footprint… See more

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    Example #3

    Asha builders are on the verge of completing the construction of buildings at the remote site, which they started five years ago. However, those buildings are not ready t… See more

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    Example #4

    General motor transport services are in the business of transporting goods from one place to another. They owned 12 trucks, six small tempos, and five rented (on operating lease for fiv… See more

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    What is a fixed asset on a balance sheet?
    Fixed assets include property, plant, and equipment (PPE) and may be recorded on the company's balance sheet under that classification. Fixed assets are generally tangible assets with a useful life of more than one year. The difference between a fixed asset and a current asset is that a fixed asset can't be converted to cash easily or quickly.
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