fixed asset

Definition

A long-term, tangible asset held for business use and not expected to be converted to cash in the current or upcoming fiscal year, such as manufacturing equipment, real estate, and furniture. also called plant.

Use fixed asset in a sentence

I was glad it was a fixed asset, because that meant it was long term and I was all about long term stuff.

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My boss and I determined that our company's factories should be considered fixed assets for the purposes of reviewing our corporate balance sheets.

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The fixed asset was going to be used extensively as part of the new widget production process so we were happy to utilize the resource even moreso.

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future capital maintenance capital liability