Definition
Fixed assets are long-term tangible assets used in business operations, such as property, plant, and equipment, that are not intended for immediate sale.
Related Services
Accounting, asset management, and financial reporting services help track and manage fixed assets to ensure proper valuation and depreciation.
Problem and Application
Fixed assets require ongoing management for depreciation and value assessment, and incorrect asset reporting can affect tax deductions and financial performance.
Conclusion
Managing fixed assets properly is crucial for accurate financial reporting and maximizing tax benefits through depreciation.
