Fixed Assets
Definition
- Assets that are not consumed or changed into money during the current accounting period. Such assets can include machinery, land, buildings, or property used to operate a business.
Synonyms
immobile assets, locked assets, rigid assets
Acronyms
FA
Related Terms and Acronyms
- Accounting Period (AP) — Acronym, Important,
- The time period used in a set of accounting books or financial statements, often 12 months.
- Asset — Definition,
- Anything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others including bank accounts, stocks, mutual funds, and so on.
- Capital Assets — Definition,
- Items that you own for investment or personal purposes, such as stocks, bonds or stamp collections. When you sell a capital asset, depending on the price you earn a capital gain or a capital loss. Gains are taxed at a special rate, and losses can be used in many cases to reduce the amount that is taxed. See also "Capital Gain" or "Capital Loss."
- Capital Investments — Definition,
- Money used to purchase permanent fixed assets for a business, such as machinery, land or buildings as opposed to day-to-day operating expenses.
- Original Cost of Fixed Assets (OCFA) — Acronym,
- Real Estate (RE) — Acronym, Very Important,
- A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
- Real Property — Definition,
- Permanent, non-movable property, such as land and buildings.
- Tangible Fixed Assets (TFA) — Acronym,
- Total Fixed Assets (TFA) — Acronym,
