The National Directory of Certified Public Accountants

Ask A CPA - Bookkeeping & Write-up

In My Balance Sheet , What Accounts Make Up Fixed Assets ?

Generally, tangible assets used in business that are relatively fixed or of a permanent nature are termed fixed assets. Examples are land, buildings, equipment, machinery, fixtures, furniture, office equipment, and tools. The cost of the fixed asset is recorded in one account and the associated accumulated depreciation is recorded in another account.

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