Fixed Asset

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Related to Noncurrent asset: current assets

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 ?
(4.) According to ARB 43, "This concept of the nature of current assets contemplates the exclusion from that classification of such resources as: (a) cash and claims to cash which are restricted as to withdrawal or use for other than current operations, are designated for expenditure in the acquisition or construction of noncurrent assets, or are segregated for the liquidation of long-term debts; ...
This may be a conservative approach, when long-term sources (company's equity capital and long-term sources of loan capital) are used to finance noncurrent assets and a constant part of current assets as well as an average need for a variable part of current assets.
Yanamoto (2008) analyzed impairment losses on noncurrent assets, disclosed by 357 entities (2004 to 2006), and concluded that leverage ratio, Return On Assets and foreign investors participation are explanatory factors and are negatively associated with impairment recognition, while assets positively explain such recognition.
The book value of the current and noncurrent assets and liabilities considering the possible impairment losses of some receivables would be used to determine the final settlement amount, the disclosure said.
The first priority concerned the impairment of noncurrent assets. The ESMA collected data on European companies during early 2013 and determined that many of those companies continued to generate lower cash flows than expected from acquisitions occurring during the heights of the financial crisis.
Conversely, if the amount of consideration was less than the value of what was acquired, the amounts reported for noncurrent assets (other than investments reported at fair value) would need to be reduced accordingly.
After further adjusting for impairments of noncurrent assets, as well as gains and losses on asset sales, underlying retail operating income leapt 19.4% to $351 million from $294 million.
After further adjusting for impairments of noncurrent assets, as well as gains and losses on the sale of assets, underlying retail operating income surged 19.4% to $351 million from $294 million.
The general rule is that cash values are carried on the balance sheet under "Noncurrent Assets," as at A on page 361 ("noncurrent assets" are also referred to as "other assets").