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FIXED ASSETS - aktywa trwałe

The Word of the Week:

FIXED ASSETS (noun)

/fɪkst ˈæsets/

Definition:

A long-term asset that is not expected to be converted into cash.

Example:

Lego doubled its investment in fixed assets as it prepared to produce a new range of toys.

Polish Translation:

aktywa trwałe

Did you know?

Examples of fixed assets are land, buildings, manufacturing equipment, office equipment, furniture, fixtures, and vehicles. Except for land, the fixed assets are depreciated over their useful lives.
A fixed asset does not actually have to be "fixed," in that it cannot be moved. Many fixed assets are portable enough to be routinely shifted within a company's premises, or entirely off the premises.

Check your memory:

If you or your bank account are ________, you owe money to the bank.

CHECK THE ANSWER

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