Fixed Assets

Fixed assets are long-term items that a company owns to run its business, like buildings, machinery, vehicles, and equipment. These items aren’t intended for immediate sale and typically last more than a year. Their value can fluctuate over time, either decreasing or increasing, as with company-owned property.

Related Terms

• First In, First Out (FIFO)
• FIFO Cost Lot Tracking
• Fiscal Year
• Forecasting
• Foreign Currency