fixed asset

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fixed′ as′set


n.
a long-term asset, as a tract of land.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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The largest asset line item is general property, plant and equipment (GPP & E), which includes the value of real property (land, buildings, structures, utilities, and non-moveable equipment attached to buildings and structures) and personal property (items that are not held for sale or consumed in normal operations including such items as support equipment, plant equipment, vehicles, special test equipment, and special tooling).
Military equipment valuation to achieve a clean audit: who cares?
23, Eliminating the Category National Defense Property, Plant and Equipment. In addition to rescinding the category, the statement's standards classify as general PP&E all items previously considered ND PP&E and apply the provisions for general PP&E and associated cleanup costs contained in SFFAS no.
FASAB issues Statement of Federal Financial Accounting Standards (SFFAS) no. 23, Eliminating the Category National Defense Property, Plant and Equipment. (Government Accounting)

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