Fixed Asset :

Maintain/investment of fixed asset is an important for business

A business makes major purchases of equipment, furniture, tools, machinery, buildings, and land. These
assets, which are called fixed assets, are long-term or relatively permanent assets They
are tangible assets because they exist physically

If the asset is also used for a productive purpose, which involves a repeated use or benefit, then it should
be classified as a fixed asset, such as land, buildings, or equipment