write the example of fixed capital
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Answer:
Fixed Capital: The tools, machines, buildings which can be put to use in production over many years are called fixed capital. Tools and Machines run from very simple tools such as farmer's plough to advanced machines such as generators, computers, etc. property, machines and buildings are examples of fixed capital.
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Examples of fixed capital include heavy machinery, land, etc.
Explanation:
- Fixed capital can be used to denote the assets which are tangible in nature.
- Fixed assets are the ones that are kept in stock for more than a year and have a definite value.
- The value of the fixed assets does not change very frequently.
- Some of the most basic and common examples of fixed assets or plant and machinery, land, building, vehicles, equipment, etc.
- Most of the fixed assets are also open to wear and tear due to which their value diminishes after a prolonged period of use. This is known as depreciation in the value of the fixed assets.
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