Fixed Asset

(redirected from Property, plant and equipment)
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 ?
The financial statements or footnotes should provide certain information in relation to property, plant and equipment.
The proposed SOP would provide guidance on accounting for certain costs and activities related to property, plant and equipment (PP&E) in financial statements prepared in conformity with generally accepted accounting principles.
But it seems to be the rare company that efficiently manages its property, plant and equipment.
Recognition of property, plant and equipment (PP&E) used in providing general government goods and services as an asset on the balance sheet.