Balance sheet fixed assets are tangible property that a company owns and uses in its day-to-day business operations. This includes anything from office furniture to production machinery, computers, vehicles, land and buildings. The value of such assets is reflected in the balance sheet of the company, and can be used to secure debts or other obligations. Fixed assets can be depreciated over time, meaning their estimated useful life decreases as they produce utility for the company; thus, companies should stay on top of their asset management plans to ensure they are not taking on more than they can handle. In essence, balance sheet fixed assets represent a company’s tangible value – so take good care of them!