Assets
which are purchased for permanent use in business are called fixed assets. For
example: Building, Plant, Machinery, Equipment, Tools, Motor vehicle, Furniture.
Fixed assets, additionally referred to as a non-current assets or as property, plant, and instrument, could be a term utilized in accounting for assets and property that can't simply be convert into money. this will be compared with current assets like money or bank accounts, which Fixed assets, additionally referred to as a non-current quality or as property, plant, and instrument, could be a term utilized in accounting for assets and property that can't simply be regenerate into money. this will be compared with current assets like money or bank accounts, that are delineated as assets. In most cases, solely tangible assets are remarked as fixed. International Accounting Standards (IAS) sixteen, defines fix Assets as assets whose future economic profit is probable to flow into the entity, whose value is measured dependably.