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Fixed asset

• Long-lived property owned by a firm that is used by a firm in the production of its income. Tangible fixed assets include real estate, plant, and equipment. Intangible fixed assets include patents, trademarks, and customer recognition.

• A tangible, long term asset such as land or building, held for use rather than sale.

 
 

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 Embedded terms in definition
 Assets
Asset
Firm
Fixed assets
Held
Income
Its
Long term
Long
Production
Real estate
Sale
 
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