Assets, frequently referred to as
capital assets , that add value to a
business and are used in the operation of
the enterprise. Such assets are not held by
the company for the intention of resale.
While this does not preclude the right to
sell such items at some future time, it was
not a prime motive during initial
acquisition. Fixed assets include:
automobiles, computer hardware, purchased
telephone systems, neon signs, and buildings
and land provided that they are used as
office premises and are not part of a
property inventory for resale.
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