Property, Plant & Equip

Metadata

  • Id: bs_gross_fix_asset
  • Type: fundamentals
  • Subtype: balance_sheet
  • Units: currency
  • Decimal Points: 0
  • Currency Convertible: Yes
  • Tags: “property, plant & equip”, “gross fixed assets”, “gross PPE”, “gross long-term assets”, “gross capital assets”

Description

The gross value of a business’s long-term assets that are used in the production of its goods and services, such as land, buildings, machinery, vehicles and furniture. This value is based on the original cost of these assets plus any improvements or additions made by the business. The gross value does not take into account the depreciation and impairment losses that reduce the value of these assets over time.