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What are Fixed Assets?

Thursday, February 7, 2019, 6:24 PM

Fixed assets are the material assets owned by a company that are used to generate revenue for the company. These are the long-term-assets that cannot be readily converted into cash. Fixed assets include Land and Buildings, Plant and Machinery, Equipment (from office equipment to heavy operating machinery), vehicles, fixtures, and other assets that can reasonably be assumed to have a life expectancy of several-years.

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