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Normally include items such as R&D, land, buildings, vehicles, furniture, office equipment, computers, machinery, tools, IT equipment, fixtures and fittings, plant and certain wasting resources e.g., timberland and minerals.
The which accounts as Depreciation in Financial Accounting.
The Financial Accounting regulations assume that all Fixed Assеts (with exception of land) lose their cash value over time which is called Depreciation.
In case of Natural Resource the Depreciation is called Depletion.
See also
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Business / Business Administration / Financial Management / Financial Accounting
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