A fixed asset is a long haul some portion of a property that an organization has and uses in the age of its income and isn't foreseen that would be eaten up or devoured into trade out coming next multi year. More
Types of Fixed Asset :
Formula :
Fixed Assets Turnover Ratio = Net Revenue / Aggregate Fixed Assets
Net Revenue = Gross Revenue – Sales Return
Aggregate Fixed Assets = Fixed Assets – Total Depreciation
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Original Source : Fixed Asset Audit
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