Question

Fixed assets ????????????​

Answer 1

Explanation:

• Fixed assets are long-term assets that a company has purchased and is using for the production of its goods and services. 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

Answer 2

Answer:

Fixed Assets;

Fixed assets, also known as long-lived assets, tangible assets or property, plant and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, described as liquid assets.

Example;

For example, if a company sells produce, the delivery trucks it owns and uses are fixed assets. Note that a fixed asset does not necessarily have to be "fixed" in all senses of the word.