Fixed Assets and Depreciation by Hercules Bantas
Series: Financial Accounting Fundamentals, Book 6.
Approx. 1,960 words.
Published on January 22, 2013.
Fixed assets - property, plant, and equipment - are an integral part of doing business for many organisations, but they can present problems when preparing financial reports. This essay-length guide looks at the various types of fixed assets and the role they play in financial reporting. Topics covered include depreciation, disposal of assets, and gain/loss on disposal.