Fixed asset
A fixed asset is a long-term tangible asset, such as property, plant, or equipment, that a business owns and uses to generate income over multiple accounting periods, rather than for immediate resale. These assets are crucial for a company's operations and financial health, representing significant capital investments. Proper management and accounting for fixed assets are essential for accurate financial reporting, tax compliance through depreciation, and informed capital budgeting decisions.
Translations
| Language | Code | Translation |
|---|---|---|
| English | en | Fixed asset |
| Svenska | sv | Anläggningstillgångar |
| Norsk | no | Anleggsmiddel |
| Dansk | da | Anlægsaktiv |
| Suomi | fi | Käyttöomaisuus |
| Polski | pl | Środki trwałe |
| Română | ro | Mijloc fix |
| Magyar | hu | Immobilizált eszköz |
| Bahasa Indonesia | id | Aset Tetap |
| Tiếng Việt | vi | Tài sản cố định |
| 日本語 | ja | 固定資産 |
| 한국어 | ko | 고정자산 |
Related Terms
Asset · Current asset · Asset turnover · Fixed cost · Intangible asset · Tangible asset
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