What does not have afixed set of physical properties
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BREAKING DOWN 'Fixed Asset'
A company's balance sheet statement consists of its assets, liabilities, and shareholders' equity. Assets are divided into current assets and noncurrent assets, the difference for which lies in their useful lives. Current assets are typically liquid assets which can be converted into cash in less than a year. Noncurrent assets refers to assets and property owned by a business which are not easily converted to cash. The different categories of noncurrent assets include fixed assets, intangible assets, long term investments, and deferred charges
A company's balance sheet statement consists of its assets, liabilities, and shareholders' equity. Assets are divided into current assets and noncurrent assets, the difference for which lies in their useful lives. Current assets are typically liquid assets which can be converted into cash in less than a year. Noncurrent assets refers to assets and property owned by a business which are not easily converted to cash. The different categories of noncurrent assets include fixed assets, intangible assets, long term investments, and deferred charges
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