Fixed assets include physical assets such as land, buildings, machinery, equipment and means of transport owned by an organization for long-term business operations.
Refer to the content below to understand what fixed assets are and the types of fixed assets today.
See more: What is net assets? How to calculate net asset value in financial statements
Table of Contents Hide
1. Overview of fixed assets
Some terms related to fixed assets
Fixed assets are different from current assets.
2. Regulations on fixed assets
Standards and conditions for recording fixed assets
8 types of fixed assets that do not require depreciation
Fixed Asset Depreciation Time Frame
3. Classification of fixed indonesia telegram data assets of the enterprise
Fixed assets used. For business purposes.
Fixed assets. Used for welfare.career, security and.defense purposes.
Fixed assets. For safekeeping. Custody storage.
4. Answers to some questions about fixed assets
What does it mean when fixed assets decrease?
What does it mean when fixed assets increase?
How to account for i didn’t even realize it depreciation of fixed assets?
How to calculate depreciation of fixed assets?
What are the methods for calculating depreciation of fixed assets?
How to determine the original cost consumer data of tangible fixed assets?
1. Overview of fixed assets
What are fixed assets?
What is fixed asset?
Currently, there is no legal document defining what fixed assets are, but to be identified as fixed assets, the assets must have a usage period
of over 01 year and a value of 30,000,000 VND or more.
According to Article 2 of Circular 45/2013/TT-BTC, fixed assets can be understood as follows:
Tangible fixed assets: Are assets that participate in many production and business cycles over a long period of time while still retaining their original physical form, such as: machinery, houses, real estate, etc.
Intangible fixed assets: Are assets without physical form, representing an amount of invested value that meets the standards of intangible fixed assets, participating in many business production cycles of the enterprise, for example: patents, copyrights, inventions, etc.
Fixed assets for financial leasing.these are fixed assets that businesses. Lease from financial leasin.