The difference between fixed assets and fixed assets.

Almost any industrial enterprise has fixed assets and fixed assets. What are these resources?

What are fixed assets?

Under fixed assets it is customary to understand the share of production assets used in the process of release of goods by an industrial enterprise for a long time. For example, it can be machine tools, cars, robots.

As fixed assets wear out, their value is written off to production costs through depreciation. In accordance with the legislation of the Russian Federation, fixed assets include only those resources that are to be used for 1 year or more.

What are fixed assets?

Under fixed assets can be understood:

  1. fixed assets, which are reflected in accounting in value form;
  2. tangible fixed assets (while intangible assets are classified as intangible assets).

Thus, fixed assets can have the same economic characteristics as fixed assets: long-term use - from 1 year or more, as well as write-off as expenses as they are depreciated. It can be noted that in accounting, indicators of the value of fixed assets minus the corresponding write-offs form net fixed assets.

Comparison

The main difference between fixed assets and fixed assets is in the order in which these terms are applied in relation to the context.

So, if we talk about accounting, then it most often uses the concept of "fixed assets". The term "fixed assets" is usually used in the context of economic analysis.

In some Russian laws, the term "fixed assets" is used synonymously with the concept of tangible fixed assets, while intangible assets are referred to differently - as intangible assets.

Having determined what is the difference between fixed assets and fixed assets, we reflect the conclusions in the table.

Table

Fixed assets Fixed assets
What do they have in common?
Fixed assets - value reflection of fixed assets in accounting
In a number of norms of law of the Russian Federation, fixed assets correspond to material fixed assets
What is the difference between them?
Can be presented in tangible and intangible varietiesA number of rules of law do not provide for the use of the term "fixed assets" in the context of the designation of intangible assets
The term is mainly used in economic analysisThe term is used mainly in accounting
.