Explore accounting methods commonly used to account for changes in the fair market value of a company's fixed assets.

Other assets that appear in the balance sheet are called long-term or fixed assets because they're durable and will last more than one year. Examples of long-term assets include the following.

Fixed assets are items that a company uses over the long term to operate its business. They commonly appear on a company balance sheet as property, plant, and equipment (PP&E), help generate ...