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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
11/21/2017 1:18:46 PM
PPRDQSSWS803 9142 Pro 2018 7862c7