CHINA / Backgrounder
Fixed asset
(Wikipedia)
Updated: 2006-10-19 14:05
Fixed asset, also known as property, plant, and equipment (PP&E), is a
term used in accountancy for assets and property which cannot easily be
converted into cash. This can be compared with current assets such as
cash or bank accounts, which are described as liquid assets. In most
cases, only tangible assets are referred to as fixed.
Fixed assets normally include items such as land and buildings, motor
vehicles, furniture, office equipment, computers, fixtures and fittings,
and plant and machinery. These often receive favorable tax treatment over
short-term assets because they depreciate over time.
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