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-   -   Are fixed assets and plant assets the same thing? (https://www.askmehelpdesk.com/showthread.php?t=483106)

  • Jun 27, 2010, 02:41 AM
    MissLinda13
    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?
  • Jul 1, 2010, 01:40 AM
    morgaine300

    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.
  • Dec 28, 2010, 12:37 PM
    pal_g3
    Yes Fixed Assets also known as Non Current Assets are Plant Assets compromising of property, plant & equipment.

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