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Accounting for Fixed Assets

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Fixed assets are those items that you can’t immediately count as expenses when purchased. Fixed assets include such things as vehicles, furniture, equipment, and so forth. These assets are tricky for two reasons: Typically, you must depreciate them (more on that in a bit), and you need to record their disposal at some point in the future for either a gain or a loss.

QuickBooks 2022 All-in-One For Dummies

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