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Fixed Asset
(redirected from Fixed assets)

    Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia, Hutchinson 0.04 sec.

Property, such as machinery or buildings, utilized in a business that will not be used or liquidated during the current fiscal period.
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Adjusted Basis Fair market value Cash $ 50,000 $ 50,000 Accounts 30,000 25,000 Fixed assets 30,000 200,000 Total $150,000 $275,000
Avoiding tax on liquidating distributions of partnership property ... by Ellentuck, Albert B. / The Tax Adviser
Clearly, measuring return on fixed assets isn't the only way a company should gauge its financial performance.
Calibrate your real estate by Prins, Edmund / Financial Executive
That said, the final definition is broad and might appear to overlap with activities related to buying or building certain assets, such as fixed assets and inventory--comments on the exposure draft of the SOP highlighted some of the confusion.
Resolved: start-up costs are not assets by Noll, Daniel / Journal of Accountancy
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