Fixed Asset

(redirected from Non-current asset)
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.

References in periodicals archive ?
Learning Objective 3 * To identify accounts for current and non-current assets. In Chapter 1, you read that assets are the items purchased by the farm business and expected to earn money for the farm.
Learning Objective 5 * To perform the accounting procedures for discarding a non-current asset. The disposing of non-current assets can occur by selling them for cash, exchanging them for other assets, or scrapping them.
A non-current asset is acquired for 100,000 [pounds sterling] on the first day of its first year and depreciated at 25 per cent (straight line).
The profit includes capital losses on sales of non-current assets and impairment losses totalling a negative SEK390m net, of which a negative SEK382m pertains to the sale of Hemtex.
The company's auditor Pathak H D & Associates said the company defaulted in repayment of principal and interest to its lenders, loans have been called back by secured lenders, non-current assets are significantly impaired and current liabilities exceeded its total assets.
Decrease (Increase) in other non-current assets (14 ) 20 10
disposal of non-current assets of the company (on the Company%s website);
As at the end of the Reporting Period, the closing balance of the Group's assets held-for-sale decreased by 84.34% from that at the beginning of the year, mainly due to the disposal of some non-current assets held-for-sale during the Reporting Period.
The financial statements of the county indicated that the county had non-current assets worth Sh2.1 billion.