What is the definition of fixed assets?

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Solution

A fixed asset is a long-term tangible asset that is used to generate income and these assets are used in the business operating cycles.

Also see:

Difference Between Assets and Liabilities

What Are Current Assets?

What Are Non Current Assets?

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What is the definition of fixed assets?

A fixed asset is a long-term tangible asset that is used to generate income and these assets are used in the business operating cycles. Also see: Difference Between Assets and Liabilities What Are Current Assets? What Are Non Current Assets?

A fixed asset is a long-term tangible asset that is used to generate income and these assets are used in the business operating cycles.

Also see:

Difference Between Assets and Liabilities

What Are Current Assets?

What Are Non Current Assets?