Business Analysis with Microsoft® Excel, Second Edition

Chapter 16. Fixed Assets

Your company probably owns various tangible assets that it uses to produce revenue. These assets might include buildings, land, manufacturing equipment such as dies, office equipment such as computers, and transportation equipment such as trucks.

Together, these assets are known as fixed assets. Your financial statements and reports may also refer to them as plant and equipment or property, plant and equipment. In contrast to supplies, these assets are regarded as long- lasting. In contrast to intangible assets such as trademarks, fixed assets have an objective value. And in contrast to goods, such as an inventory of products that your company manufactures, fixed assets are not intended for resale.

Of course, categorizing ...