{"id":2195,"date":"2024-11-25T01:08:08","date_gmt":"2024-11-25T01:08:08","guid":{"rendered":"https:\/\/www.hashmicro.com\/blog\/?p=2195"},"modified":"2025-12-24T04:53:15","modified_gmt":"2025-12-24T04:53:15","slug":"fixed-assets-depreciation","status":"publish","type":"post","link":"https:\/\/www.hashmicro.com\/blog\/fixed-assets-depreciation\/","title":{"rendered":"Fixed Assets & Depreciation | Accounting Principles"},"content":{"rendered":"\r\n

Fixed assets are a company’s relatively durable tangible assets used to carry out operations and generate income. So, they do not consume or sell it but produce goods or services. Due to their long-term use, the value of fixed assets decreases as they age. Some examples of depreciable fixed assets are buildings, machinery, and office equipment. <\/span><\/p>\r\n

However, land is not one of them, because it has an unlimited useful life and it increases in value over time. In short, depreciation is the allocation of fixed asset acquisition costs that have a decrease in value. <\/span><\/p>\r\n

With the right Accounting system, you can run your business more efficiently and accurately, especially with the most complete Accounting software<\/a> in Singapore. <\/span>Thus, to find out what factors affect the depreciation of fixed assets and how to calculate them, see the explanation below.<\/p>\r\n\r\n\r\n\r\n
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Key Takeaways<\/b><\/span><\/h3>\r\n