ocr: Fixed Assets These are the things of value that the business ntends to use on a continuing basis. They are purchased in order to enable the business to tunction and carry outits principal trading operations. They should not,in the normal course of events, be purchased for resale. We can regard money spent on tixed assets as money. invested since we would expect to derive some continuing future benefit from these items and the - initial expenditure is not instantaneously consumed.
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