Give two examples of a fixed asset

Fixed assets are long-term assets that a company has purchased and is using for the production of its goods and services.

There are some examples of fixed assets:

  • Vehicles such as company trucks
  • Office furniture
  • Machinery
  • Buildings
  • Land

These assets are neither sold nor consumed by a company. Fixed assets are also referred to as tangible assets,

Leave a Comment

Your email address will not be published. Required fields are marked *

BOOK

Free Class