if the assets is sold, traded in or disposed of with in 12 months then its not in the business any more and all fixed is subject to change with in the 12 months there is no gurantees it will be here for 12 months.
A fixed asset is an item/asset that can or does generate income/revenue and its value does not flutuate in the short term.A fixed cost is an expense that is repetative such as your real estate tax...
Fixed deposit is under fixed assets. Under fixed assets, there are 3 category that is tangible fixed assets (land, machinery, dll), intagible fixed assets (pattern, franchise, dll) and investment...
Current Assets: These are those assets which are utilizable by the company in one fiscal/accounting year Fixed Assets: These are those assets which are utilized by the company for more then one...