What is Fixed Asset? | Fixed Assets Explained with Examples | Finance Basics #fixedassets #shorts

What is a Fixed Asset? 🤔
Fixed Assets are long-term tangible assets used in business to generate income — like machinery, buildings, vehicles, and equipment. They are not bought for resale and usually stay in the business for more than 1 year ✅

🔍 Examples of Fixed Assets

Land & Building

Machinery & Tools

Vehicles

Furniture & Computers

📚 Fixed Assets = Long-term business resources used to earn profits

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