Fixed assets: Difference between revisions
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Tangible fixed assets are often reported as 'property, plant and equipment'. | Tangible fixed assets are often reported as 'property, plant and equipment'. | ||
Collectively, tangible and intangible long-term assets are known as 'non-current assets'. | |||
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* [[FRS 102]] | * [[FRS 102]] | ||
* [[Impairment]] | * [[Impairment]] | ||
* [[Non-current]] | |||
* [[Useful economic life]] | * [[Useful economic life]] | ||
Revision as of 12:04, 6 November 2015
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'.
Collectively, tangible and intangible long-term assets are known as 'non-current assets'.
Relevant accounting standards include Section 17 and Section 27 of FRS 102.
