User:ThinkingTwice/sandbox

This is the user sandbox of ThinkingTwice. A user sandbox is a subpage of the user's user page. It serves as a testing spot and page development space for the user and is not an encyclopedia article. Create or edit your own sandbox here.

Other sandboxes: Main sandbox | Template sandbox

Finished writing a draft article? Are you ready to request review of it by an experienced editor for possible inclusion in Wikipedia? Submit your draft for review!

Fixed assets or Non-Current Assets is a term used in accounting for any assets that cannot easily be converted into cash.^[1] This can be compared with current assets such as Cash and cash equivalents, which are described as liquid assets. This will include both tangible as well as intangible assets. Under the International Financial Reporting Standards (IFRS) Fixed Assets are defined using IAS 16 as assets whose future economic benefit is probable to flow into the entity and whose cost can be measured reliably.

Fixed assets can be broken down into sub

Tangible assets (including property, plant, and equipment) (PPE)
Intangible assets
Investments (long-term)
Other assets

^ Dyckman, Intermediate Accounting, Revised Ed. (Homewood IL: Irwin, Inc. 1992),195.

[1] Dyckman, Intermediate Accounting, Revised Ed. (Homewood IL: Irwin, Inc. 1992),195.

[1]