What are fixed assets?

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Assets that can be easily converted to cash

Assets that are used for a long period

Assets that are used for a short period

Assets that are not used at all

Explanation

Fixed assets are tangible assets that are used in the operation of a business and are expected to have a useful life of more than one year. Examples of fixed assets include:

Land
Buildings
Machinery and equipment
Vehicles
Furniture and fixtures
Computers and software