# Fixed asset

> Fixed asset — A tangible asset held for use in operations over more than one period — property, plant and equipment — carried at cost less accumulated depreciation.

Source: https://lopifi.com/glossary/fixed-asset
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is fixed asset?** In accounting, fixed asset means a tangible asset held for use in operations over more than one period — property, plant and equipment — carried at cost less accumulated depreciation.

## Also known as

- PP&E

## Words this system refuses for it

- capex (the spend, not the asset)

- **Category:** Fixed assets & leases
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [schedule-table](https://lopifi.com/md/components/schedule-table)
- **Related:** depreciation, period, asset