Fixed Asset Category Lists are essential tools for businesses of all sizes. They serve as an inventory of all the tangible, long-term assets owned by a company. These items may include machinery, buildings, land, vehicles and office equipment. By categorizing these assets, businesses gain greater control over their asset tracking and management. This helps ensure that they can accurately account for their investments and identify which assets need maintenance or replacement. Additionally, having a Fixed Asset Category List allows companies to make better decisions about capital expenditures in the future.