Fixed Asset

(redirected from Long Lived 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 ?
Gross profit for the fourth quarter of fiscal 2007, excluding the non-cash long lived asset impairment charges and inventory write-downs of $4.4 million, was $2.6 million, or 54% of revenue, a 1 percentage point increase when compared to 53% of revenue in the third quarter of fiscal 2007 and a 7 percentage point decrease when compared to 61% of revenue in the same period last year.
(5a) [begin strikethrough]An indicated impairment of value of a long lived asset covered by FASB Statement No.
Research and development (R&D) expenses for the first six months of 2017 were RMB41.3 million (US$6.1 million), or 10.1% of net revenues, a 24.8% decrease from the first six months of 2016 primarily due to cost control measures, decrease in share-based compensation expenses and no depreciation of long lived assets.
In addition, the Company recorded an additional $12 million in expenses, net of tax, primarily associated with the resumption and catch-up of depreciation and amortization on Wolfspeed's long lived assets, which was partially offset by the Infineon termination fee.
The Accounting Standards Division of the AICPA in its 1980 Issues paper, "Accounting for the Inability to Fully Recover the Carrying Amounts of Long Lived Assets" discusses the following measurement techniques for the impairment loss.