What are fixtures and why are the considered as fixed asset

Open in App

Solution

Dear Student
Fixtures are the fixed asset that are attached to the physical property like in-built cabinets, toilets etc. As they are attached to physical property they are considered as fixed assets and depreciated also.

Regards

Suggest Corrections

Similar questions

Installation charges of fixed assets are considered as expenses is an error of ________________

Q. Fixed assets and current assets are categorized as per concept of ________________.

The firm invests its funds in acquiring fixed assets as well as current assets. When decisions regarding fixed assets are taken, it is also called ___

Q. What are the fixed assets he bought ?

Q. Depreciation are shown as a _________ to fixed asset.

Join BYJU'S Learning Program

What are fixtures and why are the considered as fixed asset

Dear Student Fixtures are the fixed asset that are attached to the physical property like in-built cabinets, toilets etc. As they are attached to physical property they are considered as fixed assets and depreciated also. Regards

Dear Student
Fixtures are the fixed asset that are attached to the physical property like in-built cabinets, toilets etc. As they are attached to physical property they are considered as fixed assets and depreciated also.

Regards