The Fixed Assets Section of the Balance Sheet
The fixed assets section of the balance sheet is one of the easiest sections to read and understand. This article is written to describe and illustrate some simple examples of the fixed assets section.
Equipment
Equipment is a balance sheet term used in the Fixed Assets section of the balance sheet. Equipment is commonly found with contractors, shipyards, site developers, and other heavy equipment based companies. The term refers to the actual large cost items within the company used to produce revenue.