Fixed Asset

(redirected from Long Lived Assets)
Also found in: Dictionary, Financial.

Fixed Asset

Property, such as machinery or buildings, utilized in a business that will not be used or liquidated during the current fiscal period.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
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.
As far back as 1980, he noted, the American Institute of CPAs accounting standards executive committee sent the FASB an issues paper on the subject, Accounting for the Inability to Fully Recover the Carrying Amounts of Long Lived Assets.