1.

Write the meaning, definitions, concept and examples of fixed assets

Answer»

A fixed asset is a long-term tangible piece of PROPERTY that a firm owns and uses in its OPERATIONS to generate income. Fixed assets are not expected to be consumed or converted into cash within a year. Fixed assets are known as property, plant, and EQUIPMENT (PP&E). They are also referred to as capital assets.



Discussion

No Comment Found

Related InterviewSolutions