Question

what are fixed assets

Answer 1

fixed assets mean fixed property...

Answer 2

fixed assets means the assets that "produces" a considerable amount of profit to your own company e.g if own a company that produces cotton, the motors and machines and generators etc., are the fixed assets that itself cannot be a cash, but it works to produce products and gives out the cash as pure cotton. thus the machines and motors and whatever the things that itself is not a annual profit or loss to a company but it works or produces products to make profits or loss. it doesn't include land, buildings like that