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Normally include items such as land, buildings, vehicles, furniture, office equipment, computers, machinery, tools, IT equipment, fixtures and fittings, plant and certain wasting resources e.g., timberland and minerals.
In Financial Management they are written off against profits over their anticipated life by charging Depreciation expenses The Fixed Assеts (with exception of land) . normally lose their value over time which accounts as Depreciation in Financial Accounting.
See also
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Business / Business Administration / Financial Management / Financial Accounting
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