Accounting Fixed Assets is the term used to refer to non-current physical assets that have a useful life lasting longer than one year and are used in the operations of a business. These can include land, buildings, equipment, vehicles, furniture, computer systems, and more. When these items are acquired, they must be recorded in a company’s books as an asset. Depreciation of the asset over its useful lifetime should also be recorded in order to accurately measure the company’s financials. Accounting Fixed Assets provide a window into the long-term investments made by a business, making them an invaluable tool for evaluating the health of the company.