Fixed assets are those assets which are necessary for the running of the business of the company, without fixed assets a company will not be able to run. Fixed assets cannot be converted into cash in quick time, given below are some of the fixed assets of the companies –
- Plant and Machinery
- Company Vehicles
- Long term Investments
- Capital Work in Progress
- Office Equipments and Computers
Apart from above there can be other items included also in the fixed assets category depending on the nature of business of the company and also the accounting policy followed by the company.