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Fixed asset

Property used in a productive capacity that will benefit your business for longer than one year.

These assets assist in the generation of revenue over time. For instance, an oven that lasts several years may be used to bake many loaves of bread each day. The oven is integral to the sale of each loaf of bread.

KB ID# H_GLOSSARY_FIXED_ASSET
9/24/2016 3:35:28 PM
QYPPRDQBKSWS08 9138 Pro 2017 ae34d0