Question

what do you mean by fixed assest​

Answer 1

Answer:

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

Answer 2

Answer:

A fixed asset is a long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income. Fixed assets are not expected to be consumed or converted into cash within a year. Fixed assets most commonly appear on the balance sheet as property, plant, and equipment (PP&E).

Explanation:

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