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 ?
Determining whether or not a specific long-lived asset is impaired begins with a comparison of the carrying amount of the asset with an estimate of the sum of its future cash flows.
52 per share for impairment of long-lived assets and $1.
Businesses recognize impairment when the financial statement carrying amount of a long-lived asset or asset group exceeds its fair value and is not recoverable.
The retirement entry of the long-lived asset would be as follows, assuming the actual cash flows to settle the retirement obligation match those estimated.
Few forecasts are reasonably objective beyond several years, whereas remaining depreciable life of long-lived assets often exceeds the forecast period auditors may report on under Guide for Prospective Financial Information.
5 million) including a non-cash impairment charge on long-lived assets of RMB3,804.
6% over the previous year when the major leasing company suffered a double-digit profit fall for an increase in write-downs on long-lived assets.
121, Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of.
121 "Accounting for the impairment of long-lived assets and for long-lived assets to be disposed of" (SFAS 121), terminated operations, and other asset impairments -- $323.
121 (SFAS 121) in March 1995 which specified criteria for determining whether impairments of long-lived assets had occurred and how to measure and report them.
Since leasehold improvements are composed of a similarly broad range of short- and long-lived assets with differing CCA rates (where considered separately), the inevitable averaging of the cost-recovery rates for such assets when grouped within the proposed new class, should, we believe, produce an overall revenue-neutral result to the government.