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