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fixed assets Line breaks: fixed as¦sets
Pronunciation: /fɪkst ˈasɛts/

Definition of fixed assets in English:

plural noun

Assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment. Compare with current assets.
Example sentences
  • Three types of assets are included in the balance sheet: current assets, fixed assets and intangible assets.
  • The company owns more than €3.59 million in fixed assets, mostly freehold land and buildings.
  • Operating leverage was measured as the ratio of fixed assets to total assets for each year.
Definition of fixed assets in:
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