Fixed Assets

Beginner 💰 Finance / Accounting

Definition

Long-term physical assets like buildings and equipment—stuff you're stuck with unless you want a yard sale.

Example Usage

Our fixed assets increased by $5M with the purchase of new manufacturing equipment.

Origin

Asset classification from fundamental accounting structure

Fun Fact

Fixed assets are subject to depreciation, making them less 'fixed' in value than in location

Source: Balance sheet classification terminology

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