Accounting Fixed Assets are tangible items of value, usually purchased as investments or inventories, that are recorded in a company’s balance sheet. Fixed assets are long-term investments and represent the largest portion of total assets held by a business. Examples of fixed assets include land, buildings, vehicles, computers, equipment, furniture, fixtures, and intangible assets such as trademarks, copyrights, and patents. Fixed-asset accounting is concerned with recording and tracking the costs associated with these investments, including depreciation and amortization. Companies use their fixed-asset records to ensure accurate financial reporting and taxation compliance.