Fixed Assets Accounting
Fixed Assets Accounting is the process of acquiring, valuating and recording of assets that cannot easily be converted to cash (buildings, real estate, equipment, furniture, etc.). Fixed assets are subject to periodic depreciation (for tangible assets), amortization (for intangible assets), impairment write-downs (if the value of an asset declines below its net book value) and disposition (once assets are disposed of). This process involves asset acquisition, depreciation, reporting and tax-related reconciliation.
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