MissLinda13
Jun 27, 2010, 02:41 AM
I am constructing a classified balance sheet and I would like to know if fixed assets are the same as plant assets?
morgaine300
Jul 1, 2010, 01:40 AM
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.
pal_g3
Dec 28, 2010, 12:37 PM
Yes Fixed Assets also known as Non Current Assets are Plant Assets compromising of property, plant & equipment.