Fastest non-Bullet moving object in sports? (self.SmarterEveryDay) submitted 9 months ago by martial___law
Fixed assets are retained in the business for long periods, and generally each year a proportion of their original cost will be written off against PROFITS for DEPRECIATION to reflect the diminishing value of the asset. In a BALANCE SHEET fixed assets are usually shown at cost less depreciation charged to date. Certain fixed assets such as property tend to appreciate in value (see APPRECIATION, definition 1) and need to be revalued periodically to keep their BALANCE SHEET values in line with market values.
Definition: A capital asset is property that is expected to generate value over a long period of time. Capital assets form the productive base of an organization. Examples of capital assets are buildings, computer equipment, machinery, and vehicles.