Fixed assets

Assets which are held by an entity to be used in its operations.

They are held for longer periods than current assets, being used by the entity for a number of years.

Tangible fixed assets are often reported as 'property, plant and equipment'.

Relevant accounting standards include Section 17 and Section 27 of FRS 102.

See also

• Capital expenditure
• Capitalisation
• Capitalise
• Current assets
• FRS 102
• Impairment
• Useful economic life