Welcome to the 1520 Perfect Dictionary

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Fixed asset
FIXED ASSET

Definition: (business) A land, building and equipment that is owned and used by a company.
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* All nine elements would be in.


1. Purposeful and necessary (see definition).

2. Specific and identifiable - location, number, etc.

3. Particular item would be measurable and/or assessable.

4. Land can not be infertile and so impossible to cultivate.

5. Buildings not on any fault line and are properly insured.

6. Equipment usage plus its maintenance is cost-effective.

7. Ownership of factor of production not joint or on lease.

8. Appreciation and right valuation obtained therein.

9. Serves purpose(s), as balance sheet shows.
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See perfect PLACE OF BUSINESS.

Not gray matter.

Not imagination.

Not overworking.

See perfect LIQUID ASSET.

Not inefficient.

Not ineffective.

Not underutilized.

See perfect SENSE OF BUSINESS.

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