Definitions for "fixed asset"
A long-term, tangible asset held for business use and not expected to be converted...
A fixed asset is one which is intended to be used for several years. Examples are buildings, machinery and vehicles.
Tangible assets which are held long-term such as buildings and equipment, that are used in the operations of a business rather than held for sale.
Keywords:  item, year, life, least, current
An item of value used in current operations that would normally be of use for more than one year.
an item that has a useful life of over one year
any item purchased which has a useful life of more than one year and a purchase price of at least $3,500.00.
Keywords:  automated, vary, process, may
an automated process and results may vary