1. Accounts in English
Fixed Assets

2. Fixed Assets
Define long Term assets.
Methods of deprecation.

3. Define long Term assets
Long-term assets include tangible assets, such as land buildings, and equipment; natural resources, such as timberland and oil fields; and intangible assets, such as patents and copyrights. These assets represent a company's strategic commitments well into the future. The judgments related to their acquisition, operation, and disposal and to the allocation of their costs will affect a company's Performance for years to come. Investors and Creditors rely on accurate and full reporting of the assumptions and judgments that underlie the measurement of long-term assets.

4. Methods of deprecation
Straight-line method:- The straight-line depreciation method allocates an equal amount of depreciation base to each year of the assets service life.
Accelerated methods:-
Sum-of-years digits method (SYD).
Declining balance method.
3. Activity-Based Depreciation methods.