Trading Ideas
What is a Fixed Asset?
If you operate a factory, you rely on machinery to produce salable goods. If you’re a freight company, your fleet of trucks is the key to making money. Every business has fixed assets that are responsible for generating revenue and fueling business success. Fixed assets are long-term pieces of equipment or property owned and used in operations, to help generate revenue. This can be property, equipment, buildings or other similar tangible items.
A fixed asset isn’t one that’s secured in place, unable to move. On the contrary, many fixed assets like vehicles and electronic equipment are mobile and frequently move from …read more […]