Fixed asset
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2008-03-03T15:39:40Z
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/* 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]]
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[[Category:Generally Accepted Accounting Principles]]
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[[id:Aktiva tetap]]
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[[hu:Tárgyi eszköz]]
[[ja:固定資産]]
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[[zh:固定資產]]