fixed asset

Definition of "fixed asset"
  1. A tangible piece of property such as machinery, buildings, or equipment that a business uses long-term and isn't readily changed into cash or used up during normal operations
How to use "fixed asset" in a sentence
  1. The factory machinery is a major fixed asset for the company.
  2. They invested heavily in fixed assets such as office buildings and equipment.
  3. The value of their fixed assets significantly contributes to the company's total net worth.

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