Fixed Assets are sometimes referred to as permanent assets, plant assets, or simply property. For purposes of clarity, George Washington will use the NACUBO's definition to include all long- lived property, both real and personal, that is owned by the University or in its custody by loan, lease or other specific agreement. The major classifications of fixed assets are (1) Real Property, (2) Personal Property, and (3) Construction in progress.
Any tangible property used in carrying on the operation of a business but will not be consumed or normally converted into cash (land, buildings, machinery, improvements, and so forth).
Land, buildings, plant, equipment, and other assets acquired for carrying on the business of the company with a life exceeding one year.
The tangible property used in operating a business. These items, which include plant, premises, machinery and equipment, are listed on the balance sheet at their depreciated values. Fixed assets are the least liquid assets held by a company.
Things owned by the university that have considerable value and are intended to last a long time (e.g., land, buildings, certain furniture, and other equipment).
Assets that cannot readily be turned into cash without disrupting the operation of the institution. Fixed assets include intangible assets consisting of certain nonmaterial rights and benefits of an institution, such as patents, copyrights, trademarks and goodwill.
A long-term tangible asset, such as equipment, property or furniture, purchased for business use, and not expected to be converted into cash within the current fiscal year
Tangible long-life resources ordinarily used for producing other goods and services.
A cost that is fixed for a given period of time. It is not dependent on the amount of goods and services produced during the period. Tangible fixed assets include real estate, plant and equipment. Intangible assets include patents, trademarks, and customer loyalty.
Those tangible assets of a corporation that are not readily liquidated, including buildings, machinery, equipment, furniture, and fixtures.
Assets that will not be turned into cash within a year such as plant, machinery or land.
Physical assets kept by an organisation to carry out its business, e.g. buildings and vehicles.
assets with a life longer than one year and are not intended to be sold but rather used over and over (i.e. land, buildings, machinery, and office equipment). Page 327
Property, machinery and any other physical assets.
the real property, plant and equipment of a business
Possessions such as buildings, machinery and land which, as opposed to current assets, are unlikely to be converted into cash during the normal business cycle.
the land, buildings, vehicles, materials and equipment owned by the business and used to earn income for the business.
Long-lived tangible assets obtained or controlled as a result of past transactions, evens or circumstances. Fixed assets include buildings, equipment, improvements other than buildings and land. In the private sector, these assets are referred to most often as property, plant and equipment.
Plant and equipment the business owns for use in operations - or leases, if the lease is the equivalent to a financed purchase. Typically it can include buildings, equipment, machinery, furniture and fixtures, cars and trucks. In financial analysis the figure used is cost, less depreciation, as shown on the Balance Sheet. Land is listed at its purchase price with no allowance for appreciation or depreciation.
Thos items of a permanent nature required for the normal conduct of a business and not converted into cash during a normal fiscal period. Fixed assets include furniture, buildings, and machinery.
Assets which are held on a long term basis to be used by the company to make profits, rather than being bought with the primary intention of being sold to make a profit.
Property or equipment of a tangible nature owned by a business for use in its operations (not for sale) which it is expected to have a useful life of several fiscal periods.
Durable resources of value owned by a business such as land, buildings, machinery and equipment.
Assets that have long-term use or value to the firm such as land, buildings, and machinery.
Tangible property used in the operations of a business, but not expected to be consumed or converted into cash in the ordinary course of events. Fixed assets are normally represented on the balance sheet at their net depreciated value.
Assets which are kept to assist the revenue making activities for more than one year beyond the balance sheet date.
Fixed Assets are the non-liquid assets that are required for the company's day-to-day operations. They include facilities, equipment, and real property.
Property, plant and equipment that facilitates production and are not subject to the purchase and sale in the normal course of business.
those assets acquired for use by the union with no intention of selling them until their usefulness is dimished, such as land, office equipment, furniture, etc.
A module in Oracle Financials used to track and manage assets.
Another term for Property, Plant and Equipment. See also depreciation.
Assets with a prolonged useful life such as equipment, land, and buildings.
The assets of a company acquired for long-term use within the company, for example, buildings, plant and equipment.
Immovable assets such as land, buildings, plant and machinery.
assets, such as equipment, cars etc., purchased for use in the business, not to be sold by the business at a profit, although they may be sold at the end of their expected useful life.
Things which the company owns and which will be used up over several years, e.g. land, buildings, machinery and motor vehicles.
Permanent-type assets with an economic life of more than one year, e.g., real estate improvements, manufacturing equipment, motor vehicles.
Assets which the business intends to retain for the coming year rather than convert into cash. Typical fixed assets include property, office equipment and motor vehicles. Click here to go back to the top of the page
State property that is in one of four categories: all non-expendable property having a normal life expectancy of more than two years and a value of $2,000 or more. all semi-expendable property established by the owning agency's policy as fixed assets: any item having a normal life expectancy of more than two years and a value of less than $2,000. all firearms, regardless of their value. all sensitive items, as established by the agency policy.
All tangible property owned by the State (real and personal) such as land, buildings, and equipment, etc. with a useful life of more than one year and used in agencies.
Assets, which include land, buildings and equipment.
Items owned by the business that the business expects to use for more than one year such as machinery or vehicles.
Any asset, tangible or intangible, acquired for retention by an entity for the purpose of providing a service to the business, and not held for resale in the normal course of trading. This includes, for example, equipment, machinery, furniture, fittings, computers, software, and motor vehicles, that the company has purchased to enable it to meet its strategic objectives; such items are not renewed within the operating cycle.
Durable assets representing relatively long-term investments that are used for more than one production cycle. Examples are breeding livestock, plant and machinery, land and buildings. Contrast, in terms of liquidity, with realizable assets. See statement of assets and liabilities.
Refer to items such as buildings, furniture, memberships, and long-term leases. Typically, these properties are not intended for sale or disposal within a year.
Items (such as equipment, vehicles or buildings) that are owned by an organisation which retain a significant part of their value for more than one year. Also known as Tangible Assets.
Assets that are used to produce revenue and are not intended for sale, such as office furniture, vehicles, real property, building improvements, and factory equipment. Also called "long-term" assets.
The fixed assets are the assets that may be realized in the long-term, e.g., plant, equipment, land, and investments in subsidiaries. Also see Assets.
Estimated value of land, buildings, equipment, and other tangible items owned by the organization.
cannot be quickly turned into cash without interfering with business operations. Fixed assets include land, buildings, machinery, equipment, furniture, and long-term investments.
Permanent assets, necessary for the operation of a business, such as buildings, heavy machinery, etc.
Anything a corporation owns is considered an asset. These are listed in a company's Balance Sheet in increasing order of liquidity, i.e. beginning with those that are not easily converted into cash. Intangible assets are usually patents, branded values and goodwill. These are difficult to value objectively. Tangible assets are usually land, buildings, plant, and fixtures and fittings. Investments under fixed assets are investments in other companies.
are any assets on the Balance Sheet considered to have a life or usefulness in excess of one year. Common examples include land, buildings, and machinery. It is best to enter gross fixed assets into the ProfitCents expert system. In other words, the Fixed Assets entry should not include any deductions for depreciation.
Assets the business intends to keep and use within the business (for a period of more than one year or one accounting period). Generally includes land, machinery subject to depreciation, buildings, fixtures and fittings subject to wear and tear), but not things used up by the business. Can be tangible (e.g. land) or intangible (e.g. trademarks and patents).
Business property required to operate the business, but that cannot be consumed or converted to cash during normal operations, such as a building and its fixtures.
Business assets such as buildings and equipment that will be used over a long period of time-usually one year or longer.
Anything companies use for more than one year to manufacture, display, store and transport products. Often called "Property, plant and equipment" because that's what fixed assets usually are. Listed after current assets in the assets category on the statement of financial position. See also assets, noncurrent assets.
These consist of anything which a business owns or buys for use within the business and which still retains a value at year end. They usually consist of major items like land, buildings, equipment and vehicles but can include smaller items like tools. (see Depreciation )
Assets whose value does not vary in total with changes in activity level.
Equipment costing $1,000 or more, including tax, that has a life of over one year and does not qualify as a capital improvement project.
Assets of a long-term character that are intended to continue to be held or used, such as land, buildings, machinery and equipment.
Any long-term asset, such as a building, tract of land, or patent that will not be converted to cash within a year
Those assets of a permanent nature required for the normal conduct of a business, and which will not normally be converted into cash during the ensuring fiscal period. For example, furniture, fixtures, land, and buildings are all fixed assets. However, accounts receivable and inventory are not.
Equipment, buildings, etc., which are purchased and used for long-term purposes.
A fixed asset is defined as any asset, tangible or intangible, acquired for retention by an entity for the purpose of providing a service to the business, and not held for resale in the normal course of trading. This includes, for example, equipment, machinery, furniture, fittings, computers (see also depreciation)
A term used when referring to property, plant, and equipment. Fixed assets other than land are depreciated. To Top
Those assets of a corporation which are not intended for sale. These include buildings, machinery, equipment, furniture, and fixtures.
Assets that are expected to have a long or indefinite productive life. In accounting generally anything with an expected useful life of greater than one year. (c/f Current Assets).
Tangible, long-term assets such as land, equipment, and buildings needed by a company to produce its goods or services.
any asset that is being held for use in the business, e.g. buildings, machinery, land, etc.
Also called long-term assets with a relatively long life that are used in the production of goods and services, rather than being for resale.
Assets that are not consumed or changed into money during the current accounting period. Such assets can include machinery, land, buildings, or property used to operate a business.
Property and equipment owned by a business and used for more than one year. These include anything businesses use to display, ship or store products.
Physical elements and items used in the operation of the business and will include all plant & machinery, land and buildings (both leasehold and freehold). A guide to the asset backing for the company's liabilities and debt
also known as Infrastructure Assets, can include road signs, roads, bridges, tunnels, water and sewer systems, dams and lighting systems, land, buildings, equipment and machinery that is attached to a building.
Assets that are generally not converted to cash within one year. Examples are equipment and vehicles.
assets purchased, not for resale, but for use within the business in the generation of profits over more than one accounting period. ( See section 5.1.1)
Long-lived property of a microentrepreneur or firm that is used in that business' production (i.e., a sewing machine is a fixed asset for a microentrepreneur who makes clothing). Fixed-asset lending is a type of microfinance product that disburses loans expressly for the purpose of purchasing these fixed assets, which aid in production volume and income.
They are also called property, plant, and equipment. These are assets used to help run or operate the government. Specifically, they many include vehicles, buildings, and machines. Under ordinary circumstances, they are not expected to be converted to cash to pay bills.
Tangible or 'real' assets used in a business for a number of years for profit generation and not held for resale.
Assets of a long-term nature, such as land and buildings.
Fixed assets are assets that are permanent for the purposes of the operation of the company. (They will not be sold within a year.) Types of fixed assets include computers, machines for manufacture, office furniture and vehicles.
(sometimes called long term assets) these are usually non-liquid assets that are integral to the enterprise's day-to-day business operations such as plants, equipment, furniture and real estate.
Assets owned by a corporation which are not generally intended for sale in the normal course of the business. These assets represent tangible property and are highly illiquid. Buildings, machinery, equipment, furniture and fixtures are examples of fixed assets. See: Illiquid; Liquidity
Tangible long-term assets such as land, building, furniture, fixtures, machinery, equipment etc. held for use rather than for sale.
Cash, property or other assets of a company or organization that will not be sold or disbursed during the current fiscal year.
Assets like machinery, land, buildings, or property used in operating a business that will not be consumed or converted into cash during the current accounting period.
Assets like furniture, fixtures, equipment, machinery, and real estate.
Assets such as land, plant, and equipment acquired for long -term use in the business and not for resale. Charged to overhead expense periodically as depreciation. Recorded in the balance sheet at cost less depreciation, not market value.
Assets acquired for continuing use in the business and not with the intention to resell, e.g. land, cars, plant and machinery.
Also called long-term assets, they are assets such as office equipment that can be depreciated.
Long-term assets such as buildings, equipment, or property that are not expected to be converted to cash in the near term.
Assets that will not be turned into cash within a year, such as manufacturing equipment, real estate, or furniture. Also called "long-term assets."
Permanent assets of a company required for the regular conduct of business which will not be converted into cash during the next year. Examples are land, building, furniture and fixtures.
Long term assets used to develop a business, such as land, machinery, furniture, computers, cars and trucks.
Tangible property used in the operations of a business but not expected to be consumed or converted into cash in the ordinary course of events. Plant, machinery and equipment, furniture and fixtures and leasehold improvements comprise the fixed assets of most companies. Companies with a lot of fixed assets can be accurately valued with the price-to-book ratio.
Long-term assets, such as manufacturing equipment, furniture, and real estate, held for business use and not expected to be converted to cash in the current or upcoming fiscal year.