Fixed asset 1272486 195564896 2008-03-03T15:39:40Z Edibility 6213525 /* See also */ acct stub '''Non-current asset''', also known as '''property, plant, and equipment''' (PP&E), is a term used in [[accountancy]] for [[asset]]s and [[property]] which cannot easily be converted into [[cash]]. This can be compared with [[current asset]]s such as cash or bank accounts, which are described as [[liquid asset]]s. In most cases, only tangible assets are referred to as fixed. Fixed assets normally include items such as [[Estate in land|land]] and [[building]]s, [[motor vehicle]]s, [[furniture]], [[office equipment]], [[computer]]s, fixtures and fittings, and plant and [[machinery]]. These often receive favorable tax treatment ([[depreciation|depreciation allowance]]) over short-term assets. ==See also== *[[Long-term assets]] *[[Revaluation of fixed assets]] *[[Fixed Assets Register]] *[[Fixed assets management]] *[[Depreciation]] *[[IAS 16: Property, Plant and Equipment]] *[[IAS 36: Impairment of Assets]] *[[List of business and finance abbreviations]] *[[Fixed asset turnover]] {{accounting-stub}} [[Category:Generally Accepted Accounting Principles]] [[ast:Activu fixu]] [[de:Sachanlage]] [[es:Activo fijo]] [[id:Aktiva tetap]] [[lt:Ilgalaikis turtas]] [[hu:Tárgyi eszköz]] [[ja:固定資産]] [[no:Anleggsmidler]] [[nl:Vaste activa]] [[nn:Anleggsmiddel]] [[pl:Majątek trwały]] [[ru:Основные фонды]] [[sv:Anläggningstillgång]] [[zh:固定資產]]