fixed asset

(redirected from Property, plant and equipment)
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fixed′ as′set

a long-term asset, as a tract of land.
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References in periodicals archive ?
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).
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.