What are fixed assets?
Fixed assets (or property, plant and equipment — PP&E) are long-term tangible assets that a company uses in operations for more than one year. Examples include real estate, buildings, machinery, computers, servers, vehicles and office equipment.
Fixed assets are recorded on the balance sheet at cost and depreciated over their useful lives. Intangible long-term assets (patents, trademarks, goodwill) are typically tracked separately and amortised rather than depreciated.