Managing the fixed assets of your company
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From an economic or accounting point of view, when we refer to fixed assets we speak of those elements of the company’s assets that intervene in the productive cycle, but do not disappear with it, in contrast to the elements that are called circulating, which disappear with the manufacturing and sales cycle of our product (or our service). In short, they are elements whose usefulness usually extends for more than a year. They are both conceptually and accountably part of the company’s assets. We distinguish between tangible fixed assets (machinery, furniture, computer equipment), intangible (patents, transfer rights, intellectual property, administrative concessions …) and real estate. The particularity of its behaviour at the level of income and expenses is that we do not discount the purchase price at the time of acquisition, but each year we depreciate or amortise a percentage of it, which will depend on the type of asset that is. Depreciation is the accounting reflection of the d