Fixed assets: Difference between revisions
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Revision as of 11:38, 18 November 2015
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'.
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.
