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.
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Related Terms
capital asset, noncurrent asset
'fixed asset
' appears in the definitions of these terms on BusinessDictionary.comfixed asset turnover ratio, average fixed assets, asset turnover ratio, balancing allowance, price to book (PB) ratio, and 
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