Fixed assetsare found at the top of a company balance sheet. The phrase covers all assets that the business intends to keep for more than a year. So these are operational assets, such as buildings, vehicles and machinery, rather than trading assets. Fixed assets can also be divided into 'tangible' (assets you can kick) and 'intangible' to cover other long-term assets, such as goodwill, patents and brands. Both types are written off against profits as they get used up or wear out. For tangibles, this is 'depreciation'; for intangibles, 'amortisation'. So if a firm buys a van for a salesman for £50,000, expected to make roughly equal amounts of revenue over five years, profits will be charged with £10,000 each year.
10 vinyl records worth up to £10,000 - is one in your collection?
News Vinyl is experiencing a resurgence and collectors will pay up to £10,000 for some albums - is it time to dust off your old records?
By Marc Shoffman Published
FCA: Banks are still short-changing savers
The latest FCA review finds that while public shaming has encouraged providers into offering better deals on savings, many of those with closed accounts are still being shortchanged.
By John Fitzsimons Published