fixed capital

(redirected from Fixed asset)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Wikipedia.
Related to Fixed asset: Current asset, Fixed asset turnover

fixed capital

in orthodox economic theory assets such as buildings and machinery that are bought by a firm for longterm use rather than for resale. See, CAPITAL, CONSTANT AND VARIABLE CAPITAL.
References in periodicals archive ?
Therefore, deficient fixed asset records can lead to inaccurate financial reporting .
WASHINGTON - The NCUA approved a proposal Thursday at the agency's monthly board meeting that would remove any limits associated with the level of fixed assets.
From basic depreciation to custom reporting, Best Software's FAS solutions have features unsurpassed by other fixed asset programs.
accounting transactions) to relieve WIP and post to fixed asset accounts
As in fixed asset accounting, many entities use textbooks and established industry practice to determine capitalizable inventory costs.
Once the transition calculation is made, taxpayers and the government would, for AMT purposes, ignore actual retirements and dispositions of fixed assets that were part of the initial cumulative difference.
A second adjustment is sometimes considered when the depreciation expense is adjusted to reflect adjustments made to the fixed assets.
The board approved a technical correction to the fixed asset rule at Metsger's first board meeting in September 2013.
After all, no one wants to have problems verifying the fixed assets records during the financial statement audit.
Accordingly, identifying and removing such assets from the fixed asset records can significantly reduce property tax assessments.
Improvements desired: Better fixed asset screen layout, better use of pull-down menus, improved integration of multistate returns, ability to review state forms on screen, support for more states.
Next, machinery and equipment were appraised based on a physical inspection of the facility and referenced to XYZ's fixed asset ledger.