Fixed Asset

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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 ?
In the Quarterly Report on Form 10-Q, based on the requirements of SFAS 144 "Accounting for the Impairment and Disposal of Long Lived Assets," McLeodUSA is reflecting these businesses and other businesses held for sale as discontinued operations.