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Accounting > Non-fixed Asset

The following information is about Non-fixed Asset.

Non-fixed Asset Defined

is normally equipment and furnishings with an original purchase value less than some pre-determined value (e.g.<$1,000 in acquisition cost assets are considered to be non-fixed assets). These items are not assigned asset inventory tags. Typical examples of non-fixed asset items are calculatorstypewriterschairsdesksfiling cabinetsshelving units and small tools.

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