Fixed Asset Accounting Explained w/ Examples, Entries & More
https://finquery.com/blog/fixed-assets-in-accounting-explained-examples/
WebJul 20, 2023 · In accounting, a fixed asset, also known as a capital asset or tangible asset, is a tangible long-lived piece of property or equipment a company plans to use over time to help generate income. ASC 360, Property, Plant, and Equipment is the US GAAP accounting standard regarding fixed assets (ASC 360).
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