hi Victor,
when calculating Fixed Assets to Total Assets, does Fixed Assets refer to Non-Current Assets?
2 Answers
Hi Duvell,
Fixed assets generally refers to tangible assets or property, plant and equipment, not just non-current assets.
Hope it helps.
Thanks JR
Welcome!
Hi Duvell,
As what Jieren had mentioned, it include tangible assets like property, plant and equipment (PPE), inventory and biological assets.
Hi Victor,
What are the examples of biological assets? And why is inventory considered as fixed asset? Thanks.
Hi Lawrence,
Biological assets are like your animal and plantation. Inventory is included because some business require the stocks to maintain their business.
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