Fixed assets: Difference between revisions
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imported>Doug Williamson (Note PPE in main text.) |
imported>Doug Williamson (Link with Depreciation & Net book value pages.) |
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* [[Capitalise]] | * [[Capitalise]] | ||
* [[Current assets]] | * [[Current assets]] | ||
* [[Depreciation]] | |||
* [[FRS 102]] | * [[FRS 102]] | ||
* [[Impairment]] | * [[Impairment]] | ||
* [[Intangible assets]] | * [[Intangible assets]] | ||
* [[Net book value]] | |||
* [[Non-current]] | * [[Non-current]] | ||
* [[PPE]] | * [[PPE]] | ||
* [[Tangible asset]] | * [[Tangible asset]] | ||
* [[Useful economic life]] | * [[Useful economic life]] | ||
Revision as of 15:49, 21 May 2017
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.
