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https://www.accountingtools.com/articles/which-costs-can-i-assign-to-a-fixed-asset.html
Also, assign to a fixed asset the cost of major periodic replacements. For example, an aircraft requires new engines and a building requires a new roof after a certain usage interval or time period. Upon replacement, the new items are recorded as a fixed asset, and the carrying amounts of any replaced items are derecognized .
https://www.investopedia.com/terms/f/fixedasset.asp
Jun 21, 2019 · Fixed Asset: A fixed asset is a long-term tangible piece of property that a firm owns and uses in its operations to generate income. Fixed assets …Author: Will Kenton
https://accounting-simplified.com/financial/fixed-assets/capital-and-revenue-expenditure.html
The cost of acquisition not only includes the cost of purchases but also any additional costs incurred in bringing the fixed asset into its present location and condition (e.g. delivery costs). Capital expenditure, as opposed to revenue expenditure, is generally of a one-off kind and its benefit is derived over several accounting periods.
https://www.wipfli.com/insights/articles/aa-the-three-ds-of-fixed-asset-accounting-dos-donts-and-details
Fixed assets—also known as tangible assets or property, plant, and equipment (PP&E)—is an accounting term for assets and property that cannot be easily converted into cash.The word fixed indicates that these assets will not be used up, consumed, or sold in the current accounting year. Yet there still can be confusion surrounding the accounting for fixed assets.Author: Sheila Border
https://accounting-simplified.com/financial/fixed-assets/
Fixed assets are generally not considered to be a liquid form of assets unlike current assets. Examples of common types of fixed assets include buildings, land, furniture and fixtures, machines and vehicles. The term 'Fixed Asset' is generally used to describe tangible fixed assets.
https://www.investopedia.com/ask/answers/040915/what-difference-between-fixed-assets-and-current-assets.asp
Apr 19, 2019 · Fixed assets are items of company property that are expected to be used long-term. Companies may use depreciation of fixed assets for tax and accounting reasons.
https://www.pwc.com/us/en/services/tax/specialized-tax/fixed-asset-services.html
The effective management of fixed assets is an increasing challenge. The complexity of calculating depreciation, coupled with tax law changes, merger and acquisition activity, and antiquated ERP systems has increased the need for companies to have a clear strategy around the …
https://www.dummies.com/software/business-software/quickbooks/how-to-record-the-purchase-of-a-fixed-asset/
Fixed assets are tricky for two reasons: Typically, you must depreciate fixed assets, and you need to record the disposal of the fixed asset at some point in the future — for either a gain or a loss. Accounting for the purchase of a fixed asset is pretty straightforward. Here is …
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