Keyword Analysis & Research: fixed property description

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What is considered a fixed asset?

Fixed assets are noncurrent assets, meaning the assets have a useful life of more than one year. Fixed assets include property, plant, and equipment (PP&E) and are recorded on the balance sheet.

Is land considered a fixed asset?

Land is one fixed asset that cannot be depreciated. 2 A fixed asset does not necessarily have to be fixed (i.e., stationary or immobile) in all senses of the word. Special Considerations The...

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