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Synonym: Fixed Asset  = Property, Plant and Equipment (PP&E)

The Asset in A type of Asset existing in the form of a physical substance which can not be easily converted into a cash within the Accounting Period.

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These are items of value that the organisation organization has bought and will use for an extended period of time;

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The Financial Accounting regulations assume that all Fixed Assеts Assets (with very few exceptions, like land) continuously lose their value over time which is being accounted for as Depreciation.

It is similar to Amortization of Intangible Assets.

In case of Fixed Assеt is based on Natural Resource then its depreciation Depreciation is called Depletion.

See also

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