fixed asset

Examples (10)

• A building is a typical example of a company's fixed asset.
• The company's balance sheet lists machinery and vehicles as fixed assets.
• Depreciation is calculated annually on every fixed asset.
• To cover its debts, the firm had to sell a major fixed asset.
• Investing in a new factory is a significant addition to their fixed assets.
• The value of a fixed asset generally decreases over time due to wear and tear.
• During bankruptcy, the company's fixed assets were liquidated to pay creditors.
• Auditors must verify the existence and condition of all key fixed assets.
• Unlike cash, a fixed asset cannot be easily converted into liquid funds.
• It is crucial to properly insure every fixed asset against potential damage or loss.