fixed assets
Long-term business property
Fixed assets are property and equipment a business owns for long-term use rather than resale—buildings, machinery, vehicles, land.
Accountants distinguish them from current assets like cash or inventory, which turn over quickly.
Fixed assets depreciate over time on the balance sheet: The company's fixed assets include three manufacturing plants and a fleet of trucks.
Earth's solid surface
- buildingsConstructed enclosed structures
- machineryCollective mechanical equipment
- equipmentTools for a task
- plantBotanical organism
vehicles · furniture · fixtures · hardware · factory · warehouse · office · infrastructure
Assets-liabilities-equity report
- capital expenditureSpending on fixed assets
- book valueAsset minus accumulated depreciation
- acquisition costTotal expense to acquire
- financial statementFormal fiscal summary document
capitalization · tangible · ledger · amortization · write-down · impairment · revaluation
Without curves or bends
- useful lifeExpected functional duration
- salvage valueAsset's worth when retired
- wear and tearGradual damage from use
- obsolescenceState of becoming disused
deterioration · write-off · impairment · residual value · recovery period
Catalog of held assets
- trackingMonitoring location over time
- maintenancePreserving working condition
- disposalAct of throwing away
- acquisitionAct of obtaining something
replacement · lifecycle · utilization · auditing · tagging · barcode · RFID · procurement
Programs directing computer operations
- patentsExclusive rights to inventions
- trademarksProtected commercial identifiers
- copyrightsLegal ownership of creations
- goodwillKindly, generous spirit
licenses · franchises · brand value · intellectual property · broadcasting rights · mining rights · development costs · domain names
land
Earth's solid surface
- buildingsConstructed enclosed structures
- machineryCollective mechanical equipment
- equipmentTools for a task
plant · vehicles · furniture · fixtures · hardware · factory · warehouse · office · infrastructure · production line
balance sheet
Assets-liabilities-equity report
- capital expenditureSpending on fixed assets
- book valueAsset minus accumulated depreciation
- acquisition costTotal expense to acquire
financial statement · capitalization · tangible · ledger · amortization · write-down · impairment · revaluation
straight-line
Without curves or bends
- useful lifeExpected functional duration
- salvage valueAsset's worth when retired
- wear and tearGradual damage from use
obsolescence · deterioration · write-off · impairment · residual value · recovery period
inventory
Catalog of held assets
- trackingMonitoring location over time
- maintenancePreserving working condition
- disposalAct of throwing away
acquisition · replacement · lifecycle · utilization · auditing · tagging · barcode · RFID · procurement · insurance coverage
software
Programs directing computer operations
- patentsExclusive rights to inventions
- trademarksProtected commercial identifiers
- copyrightsLegal ownership of creations
goodwill · licenses · franchises · brand value · intellectual property · broadcasting rights · mining rights · development costs · domain names
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts payable
- accounting termscash, expenses, equity, retained earnings, accounts payable
- business accountingaccounts payable, accountant, accounts receivable, accounts, accrual
- Wealth Measuresnet worth, income, savings, investments, property value
- Asset Valuationbook value, fair value, fair market value, market value, appraised value
- real estatehouse, home, apartment, property, sale
fixed assetscurrent assets
Resources convertible within a year
liquid assets · cash · accounts receivable · inventory · working capital
fixed assetsinventory
Catalog of held assets
consumables · supplies · raw materials · work in progress · perishable goods
fixed, fixing, asset, assets, fixture, prefix, unfixed, fixer, suffix