Fixed assets: Difference between revisions
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* [[Net book value]] | * [[Net book value]] | ||
* [[Non-current]] | * [[Non-current]] | ||
* [[Operational asset]] | |||
* [[Property, plant and equipment]] | * [[Property, plant and equipment]] | ||
* [[Tangible asset]] | * [[Tangible asset]] | ||
Revision as of 01:54, 15 June 2021
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' (PPE).
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.
