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A fixed asset, also known as long-lived assets or property, plant and equipment (PP&E), is a term used in accounting for assets and property that may not easily be converted into cash. [1] Fixed assets are different from current assets, such as cash or bank accounts, because the latter are liquid assets. In most cases, only tangible assets are ...
Mobile asset management providers manage asset operation within the supply chain, directing the activities of a client's third party logistics company as needed and ensure proper services are performed on the asset (handling, cleaning, maintenance, repair). These providers also study business processes within the supply chain and help optimize ...
A popular approach to tracking fixed assets uses serial numbered asset tags, which are labels often with bar codes for easy and accurate reading. The owner of the assets can take inventory with a mobile bar code reader and then produce a report. Off-the-shelf software packages for fixed asset management are marketed to businesses small and ...
A fixed asset, often referred to as a tangible asset or property, plant, and equipment (PP&E), is a long-term asset that holds value over time and can be used to generate income.
Discover how the fixed asset turnover ratio reveals a company’s efficiency in generating revenue from fixed-asset investments.
While fixed assets -- tangible assets that companies own for more than a year -- are most commonly associated with businesses, individuals sometimes add them to their portfolios as well. More: 8 ...
This category has the following 8 subcategories, out of 8 total. ... Cash (1 C, 16 P) F. Fixed asset (1 C, 11 P) Asset forfeiture (2 C, 25 P) I. ... Pages in category ...
An asset should also be impaired in accordance with IAS 36 Impairment of Assets if its recoverable amount falls below its carrying amount. [1] Recoverable amount is the higher of an asset's fair value less costs to sell and its value in use (estimate of future cash flows the entity expects to derive from the asset).