Social Sciences, asked by MADHAVBANGUR, 1 month ago

what do you mean by fixed assets​

Answers

Answered by Aayushi202122
0

Answer:

Explanation:

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)

Answered by kavyaroopika
3

Answer:

property, plant, and equipment

Explanation:

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).

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