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' (PPE).

Collectively, tangible and intangible long-term assets are known as 'non-current assets'.

Relevant accounting standards include IAS 16, IAS 38 and Section 17 and Section 27 of FRS 102.

See also

• Assets
• Depreciation
• Capital expenditure
• Capital goods
• Capitalisation
• Capitalise
• Current assets
• Depreciation
• Financial reporting
• FRS 102
• IAS 16 (Tangible assets - Property, plant and equipment)
• IAS 38 (Intangible assets)
• Impairment
• Intangible assets
• International Financial Reporting Standards (IFRS)
• Net book value
• Non-current
• Operational asset
• Property, plant and equipment
• Revaluation
• Tangible asset
• Useful economic life