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Statistical Terms

Fixed asset

Definition
  • Fixed assets are tangible or intangible assets used in production activities for more than one year as the primary sources of generating revenues.
Commentary
  • Tangible assets have a physical form which consist of land, buildings and structures with durability of more than a year, machinery, vessels and delivery vehicles, tools, equipments, fixtures, construction in process, etc.
  • Intangible assets are not physical in nature and intended to be used for producing or managing goods.
  • They are identifiable. And they have economic effects and generate revenues in the future.
Source KOSTAT (Farm Household Economy Survey and other)
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