What are movable and fixed assets in finance?
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Finance rules differ per country so it’s probably worth specifying a country and a bit more context to your question.
Normally fixed assets includes land/buildings and high value items not intended for sale by the business (ie they are not inventory/stock). That could be a car, van or a production line.
“Moveable Assets” aren’t normally held separately, they are treated the same as fixed assets just would have a differing GL account on the balance sheet.
A fixed asset is like a building. You can’t pick it up.
A movable asset you can move around.
For example, you own a bar, you own the building and everything in the bar.
The building, plumbing, heating systems ect are all fixed assets.
The moveable assets are chairs, the bottles of alcohol, computers ect.
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