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Fixed assets are long-lived assets that cannot be easily converted into cash. In order to qualify as a fixed asset it must be possible to accurately value the asset. For this reason, intangible assets are normally not considered fixed assets. The following are common examples of fixed assets.
Airplanes | Buildings | Communication towers | Computer hardware | Elevators | Equipment | Farm machinery | Fixtures | Furniture | Generators | Heating, ventilation and air conditioning | IT infrastructure | Land | Land improvements | Machinery | Medical equipment | Musical instruments | Production lines | Railroads | Satellites | Security systems | Ships | Software | Solar panels | Spacecraft | Store displays and shelving | Structures such as silos | Testing equipment | Tools | Transmission lines | Transportation infrastructure | Vehicles | Wind turbines |
CounterexamplesAssets with an unclear value such as artwork.Assets that are easily converted into cash such as stocks and other securities.Intangible assets such as trademarks.NotesIt is common to refer to fixed assets as Property, Plant and Equipment or PP&E.|
Type | | Definition | Long-lived physical assets with a clear value that cannot be easily converted into cash. | Related Concepts | |
Asset
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