Fixed Asset


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Related to Fixed Asset: Current asset, Fixed asset turnover

Fixed Asset

Property, such as machinery or buildings, utilized in a business that will not be used or liquidated during the current fiscal period.

References in periodicals archive ?
Greater Group and Filter Capabilities C Additional group and filter capabilities were added so users can filter, group, and report on assets based on the new fixed asset fields, as well as repair type.
From basic depreciation to custom reporting, Best Software's FAS solutions have features unsurpassed by other fixed asset programs.
Therefore, deficient fixed asset records can lead to inaccurate financial reporting .
accounting transactions) to relieve WIP and post to fixed asset accounts
As in fixed asset accounting, many entities use textbooks and established industry practice to determine capitalizable inventory costs.
For many taxpayers, the property tax savings resulting from conducting an audit or fixed asset inventory to reveal nonexistent assets and identify assets that should be disposed of far exceed the costs of the audit or inventory.
Once the transition calculation is made, taxpayers and the government would, for AMT purposes, ignore actual retirements and dispositions of fixed assets that were part of the initial cumulative difference.
A second adjustment is sometimes considered when the depreciation expense is adjusted to reflect adjustments made to the fixed assets.
The regulatory relief we are planning for our new rule on fixed assets goes significantly beyond the original proposed rule," Matz said on Tuesday.
BNA Fixed Assets Delivers Streamlined Asset Management to Customers Through Interoperability With SAP Solutions
After all, no one wants to have problems verifying the fixed assets records during the financial statement audit.
The Fixed Asset Management System (FAMS), for instance, allows Citicorp to track domestic and overseas assets for tax compliance purposes.