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.
ASSETS (second component of the Balance Sheet) Assets are economic resources of a business. For example, cash is an asset which allows a company to buy other assets or resources, pay debts a company may have, or pay Operating Expenses. Assets can be classified into two categories; - Current Assets and Fixed Assets.