Question

What are some labels companies use when they are purchasing fixed assets?

Answer 1

As we know different companies use different standard labels. So let’s see common labels used by the companies when they are purchasing fixed assets;

Followings are the some examples of labels;

·       Long-term assets

·       Liquid assets

·       Current assets

·       Tangible assets

·       Intangible assets

·       Value appreciating assets

·       Value depreciating assets

Apart from above given some companies may use followings labels also;

·       Machinery

·       Computer equipment

·       Furniture & fixtures

·       Land

·       Buildings

·       Vehicles

·       Equipments