BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Fixed Assets are assets held on a long-term basis, such as land, office building, machinery, plant, furniture and fixtures. These assets are used for the normal operations of the business.

Detailed explanation-2: -An asset represents an economic resource owned or controlled by, for example, a company. An economic resource is something that may be scarce and has the ability to produce economic benefit by generating cash inflows or decreasing cash outflows.

Detailed explanation-3: -Business assets are items of value that your business owns, creates or benefits from. Assets can range from cash, raw materials and stock, to office equipment, buildings and intellectual property.

Detailed explanation-4: -Common types of assets include current, non-current, physical, intangible, operating, and non-operating.

Detailed explanation-5: -Land and buildings are tangible, long-term assets companies use and benefit from over time. They are tangible because they have a physical form-unlike intangible assets (such as patents, trademarks and copyrights) that do not.