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A fixed asset transaction is a transaction, in which the buyer and seller have a comprehensive understanding of each other's assets, liabilities and future expectations. A fixed asset transaction is not just about what the buyer has or what the seller has. It also includes how much money they can afford to pay for their assets, who will be showing them the property and who will be paying them for it.

Fixed assets are assets that cannot be easily replaced. Assets like buildings, cars, vineyards etc. can be easily replaced but it is hard to replace the fixed assets like the employees of a company e.g. its infrastructure, its products and services etc.

Some companies are facing challenges because of the aging of their fixed assets. Companies should take into consideration that they need to adjust the cost of their fixed assets. We need to adjust our spending on fixed assets by taking into account the added value that is being generated through their use. This is the way to adjust fixed assets : Click Fixed assets > Setup > Fixed asset posting profiles. Select a fixed asset posting profile.

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