Business, Legal & Accounting Glossary
An accounting method used to keep track of the fixed assets of a firm. The register shows the value of assets, date of acquisition and other details necessary to compute for depreciation and tax purposes. Fixed assets include land, buildings, machineries and other items used in the business and are not for sale in the ordinary course of operations.
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This glossary post was last updated: 20th November, 2021 | 0 Views.