käyttöomaisuuseriin

Käyttöomaisuuseriin, often translated as fixed assets or tangible assets, refers to long-term, physical assets owned by a company or organization that are used in its operations and are not intended for sale. These assets are expected to provide economic benefits for more than one accounting period. Examples of käyttöomaisuuseriin include land, buildings, machinery, equipment, vehicles, and furniture. They are distinct from current assets, which are expected to be converted to cash within a year.

The acquisition of käyttöomaisuuseriin is typically a significant investment for a business. Once acquired, these assets are recorded on the balance sheet at their historical cost. Over time, as the assets are used, they lose value due to wear and tear, obsolescence, or usage. This decline in value is accounted for through depreciation, which is expensed over the asset's estimated useful life. The accumulated depreciation reduces the book value of the asset on the balance sheet.

When käyttöomaisuuseriin are no longer useful or are sold, they are removed from the balance sheet. The difference between the selling price and the asset's book value at the time of disposal results in a gain or loss, which is recognized in the income statement. Proper management and accounting for käyttöomaisuuseriin are crucial for a company's financial reporting and for making informed investment and operational decisions.