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April 24, 2009

Are fixed assets the same as plant assets?

I use the term fixed assets to mean the same as plant assets. In other words, I believe that both fixed assets and plant assets refer to the assets reported on the balance sheet as Property, Plant and Equipment.

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Comments

12 Responses to “Are fixed assets the same as plant assets?”

  1. loveme7448 on April 28th, 2009 3:26 pm

    Fixed assets account may contain some accounts like:-

    1- Furnature & Fixture

    2- Vehicles

    3- Building

    and Plant and Equipment is part of that account

  2. Sylvia on April 28th, 2009 11:40 pm

    I would think so. Both assets are valuable more than 12 months or 1 year. They will be used to gain revenue for the company.

  3. ashraff on May 4th, 2009 9:32 pm

    as per the definition of fixed assets still we have to consider materiality concept the fixed asset veries according to the volume of the assets that the company holds

  4. michael on May 5th, 2009 7:14 am

    assets bought with no intention of resale

  5. mwanamuchele on May 6th, 2009 10:43 am

    thanks a lot

  6. Jamal Abdul Nasar on May 7th, 2009 4:14 am

    Assets bought for the fuctioning of business and not to re-sell for profit mostly immovable

  7. Jamal Abdul Nasar on May 7th, 2009 4:17 am

    Plant assets are only a part of Fixed Assets

  8. BABAR on May 10th, 2009 7:35 pm

    According to my opinion we use plant assets and fixed assets in same manner

  9. Mubashar on May 13th, 2009 7:44 am

    As I think:

    Fixed assets name declare that it ralated to the fixed or immoveable things.

    Like land, machinary, building atc……

  10. Happy on May 13th, 2009 11:57 am

    Can i ask my question? How?

  11. rithz on May 25th, 2009 10:45 pm

    from my view actually fixed assets and plant assets in same..

  12. Sangha on October 23rd, 2009 2:04 am

    how many method that we do depreciation?

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