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 ?
The service offers corporations a two-pronged approach to fixed asset management via its cloud platform, and through the value added service of helping companies organise their fixed assets data with advanced tracking technology.
Fixed asset audit procedures were typically limited to:
NCUA Board Chairman Debbie Matz said each credit union would have to set a fixed asset level that is reasonable.
The order, valued at almost 14,000 [pounds sterling], will provide AJ & RG Barber with a comprehensive and centralised fixed-asset register on which to store and manage data relating to its extensive portfolio of fixed assets.
Most fixed asset manager programs only support seven books and it is hard to understand why more aren't supported, considering the number of businesses with multi-state operations.
The value of the asset will be transferred to a fixed asset accounting system where the military equipment will be depreciated over its useful life (that is, until it is destroyed or processed for disposal).
For most entities, the primary level-A GAAP sources for fixed asset accounting include chapter 9, section C, of Accounting Research Bulletin (ARB) no.
The varying schedules, computations, and fixed asset ledgers require tremendous investments in systems and personnel simply to track and compute the requisite amounts under the various systems.
However, it is important to realize that both the replacement cost of equipment and cost of new technology usually require making adjustments to the value of fixed assets when computing return on assets.
The NCUA has amended its original fixed asset rule and will re-propose the rule at its Thursday board meeting.
The order, valued at almost 14,000 [pounds sterling], will provide AJ & RG Barber with a comprehensive and centralised fixed asset register on which to store and manage data relating to its extensive portfolio of fixed assets.
The major vendors of integrated higher education enterprise software all provide at Least some fixed asset and inventory capability, some quite sophisticated.