What are fixed assets?
< 1 min read
Fixed assets are the things a company owns and requires to create revenue – such as machinery to manufacture goods, or the premises.
Fixed assets usually are not the product or service offered to end consumers, and are usually not expected to be turned into cash outside of untypical circumstances.
One example of this is the sale of plant machinery to make way for an upgrade after it has been used for five years within the business.
