Question

What is gross fixed assets?

Answer 1

Gross fixed assets is referred to as the gross book value or the total amount of money that the company has to pay to purchase all the fixed assets for the business. This value does not consider the depreciation of the asset during its lifespan.

Also read:

• Fixed Assets Vs Current Assets
• Intangible Assets
• Tangible Assets
• Difference Between Assets and Liabilities

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