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New Member
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Jun 27, 2010, 02:41 AM
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Are fixed assets and plant assets the same thing?
I am constructing a classified balance sheet and I would like to know if fixed assets are the same as plant assets?
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Uber Member
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Jul 1, 2010, 01:40 AM
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Yes. I learned it as fixed assets. Current books seem to use the term plant assets, or more commonly plant, property & equipment. My finance book calls them fixed assets. All the same thing.
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New Member
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Dec 28, 2010, 12:37 PM
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Yes Fixed Assets also known as Non Current Assets are Plant Assets compromising of property, plant & equipment.
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