15 Examples of Fixed Assets and Current Assets

The activeIn accounting, it is called the set of economic assets and rights that a company has. These assets can be converted into money or other equivalent liquid media. They are all the resources controlled by a company.

Liquidity means availability, that is, the ease with which a good can be converted into money.

Depending on liquidity, assets are classified as:

  • Fixed asset. They are goods that are used by a company, that is, they were not acquired to be sold later. For example: furniture, machinery, investments.
  • Current assets. They are the assets that will be used or sold in a period of less than one year. For example: gasoline, books, customers.

Between the current assets are inventories, which are the goods that a company has for sale, or the raw material used to manufacture the product for sale. Inventories can be raw materials, semi-finished products, intermediate products, finished products, merchandise, by-products and supplies necessary for production.

Examples of fixed assets

  1. Furniture. Furniture used in administrative or customer service offices is part of the assets of a company, but there is no intention of selling it.
  2. Estate (commercial premises, factories, workshops, etc.). Real estate is an important fixed asset.
  3. Office team. Like the furniture, it was purchased for use, not for sale.
  4. Machinery. Machinery can be a valuable asset. Although in every industry there is a replacement of machinery, it does not usually occur in less than a year, that is why it is a fixed asset.
  5. Investments. Investments in stocks, bonds or securities issued by affiliated companies are usually low liquidity, so they are fixed assets.
  6. Patent rights. It is an intangible fixed asset, which brings benefits to the company.
  7. Transportation equipment. Business cars and distribution and delivery trucks are used by the business for a considerable time before being sold.

Examples of current assets

  1. Wool. (existence) It is the raw material for a clothing manufacturer or a commodity for a wool seller.
  2. Gasoline. (existence) It is a necessary supply good for a merchandise distributor.
  3. Books. (existence) It is merchandise for publisher.
  4. Cash money. It is the current asset with the highest availability.
  5. Money in banks. Highly liquid, it is the second most widely available current asset.
  6. Customers. Customers are a source of profit for the company.
  7. Documents to collect.
  8. Refrigerators. (existence) They are the merchandise of an appliance manufacturer.
  9. Packaging. (existence) They are the way in which the product is divided and reaches the consumer.
  10. Parcel. (existence) In addition to the packaging, all the packaging material with which the products are distributed are part of the assets.