Also known as the regular equipment, capital equipment, capital assets or permanent assets, refers to the need to business on long-term use or possession for the purpose of assets, rather than in cash for the purpose, such as land, plant, machinery and equipment mused genus. The company has fixed assets of future economic benefits, it must be within the period of use by a reasonable method to amortize its cost has been consumed. On the balance sheet, fixed assets are deducted from the reported net of accumulated depreciation.