stadhæfanlegar

Stadhæfanlegar is an Icelandic term that translates to "fixed assets" or "tangible assets" in English. It refers to the physical properties and long-term resources that a business owns and uses in its operations to generate income. These assets are not intended for sale in the ordinary course of business.

Examples of stadhæfanlegar include land, buildings, machinery, vehicles, furniture, and equipment. They are typically characterized by their durability, meaning they are expected to last for more than one accounting period. In accounting, stadhæfanlegar are recorded on a company's balance sheet as non-current assets.

Over time, stadhæfanlegar usually depreciate in value due to wear and tear, obsolescence, or usage. This depreciation is recognized as an expense in the company's income statement, reflecting the gradual loss of the asset's value. The accounting treatment of stadhæfanlegar involves initial recognition at cost, followed by subsequent measurement, which may include depreciation and potential impairment. Proper management and accounting for stadhæfanlegar are crucial for businesses to accurately assess their financial health and make informed investment decisions.