Fixed Assets

Definition

  • Assets that are not consumed or changed into money during the current accounting period. Such assets can include machinery, land, buildings, or property used to operate a business.

Synonyms
locked assets, immobile assets, rigid assets

Acronyms
FA

Related Terms and Acronyms

  • Accounting Period (AP) Acronym, Important,
    • The time period used in a set of accounting books or financial statements, often 12 months.
  • Asset Definition,
    • Anything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others including bank accounts, stocks, mutual funds, and so on.
  • Capital Assets Definition,
    • Items that you own for investment or personal purposes, such as stocks, bonds or stamp collections. When you sell a capital asset, depending on the price you earn a capital gain or a capital loss. Gains are taxed at a special rate, and losses can be used in many cases to reduce the amount that is taxed. See also "Capital Gain" or "Capital Loss."
  • Capital Investments Definition,
    • Money used to purchase permanent fixed assets for a business, such as machinery, land or buildings as opposed to day-to-day operating expenses.
  • Original Cost of Fixed Assets (OCFA)Acronym,
    • Real Estate (RE) Acronym, Very Important,
      • A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
    • Real Property Definition,
      • Permanent, non-movable property, such as land and buildings.
    • Tangible Fixed Assets (TFA)Acronym,
      • Total Fixed Assets (TFA)Acronym,
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