What Are Fixed Assets? HD

A full guide on fixed assets and how to account for them: https://bit.ly/3Nv2GTo Fixed assets are tangible pieces of property, plant or equipment (PP&E)–like buildings and facilities, computer equipment and software, furniture, fixtures and fittings, land, and heavy machinery–that a business owns but will not consume, sell or convert to cash within an accounting calendar year. Most businesses own at least a few fixed assets. The term fixed, however, does not refer to the physicality of the asset, as fixed assets can be moved for business purposes. Fixed assets are recorded as noncurrent assets on the balance sheet, and information about them helps create valuations and aids in financial reporting. Like what you learned? Subscribe now! http://bit.ly/NetSuiteYouTube Follow Us Here: LinkedIn: http://bit.ly/NetSuiteLI Facebook: http://bit.ly/NetSuiteFB Instagram: http://bit.ly/NetSuiteIG Twitter: http://bit.ly/NetSuiteTW #FixedAssets #FixedAssetAccounting #FixedAssetsExamples