Fixed asset
Fixed asset, also known as
property, plant, and equipment (PP&E), is a term used in
accountancy for
assets and
property which cannot easily be converted into
cash. This can be compared with
current assets such as cash or bank accounts, which are described as
liquid assets. In most cases, only tangible assets are referred to as fixed.
Fixed assets normally include items such as
land and
buildings,
motor vehicles,
furniture,
office equipment,
computers, fixtures and fittings, and
plant and
machinery. These often receive favorable tax treatment over short-term assets because they depreciate over time.
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Long-term assets*
Revaluation of fixed assets*
Fixed Assets Register*
Fixed assets management
