Käyttöomaiset

Käyttöomaiset is a Finnish term that translates to "fixed assets" or "tangible assets" in English. It refers to the physical assets of a company that are used in its operations for more than one accounting period. These are typically long-term assets that are not intended for resale. Examples of käyttöomaiset include land, buildings, machinery, vehicles, and office furniture.

The value of käyttöomaiset is recorded on a company's balance sheet. As these assets are used over time, they depreciate, meaning their value decreases due to wear and tear or obsolescence. This depreciation is accounted for as an expense in the company's income statement. Companies must maintain accurate records of their käyttöomaiset for financial reporting and tax purposes. The management of these assets involves acquisition, utilization, maintenance, and eventual disposal. Proper management ensures that the assets contribute effectively to the company's profitability and operational efficiency.