# Fixed assets

The equipment, vehicles, and property the business owns and uses.

They decide two things at once: how much of the purchase price a lender will secure against, and how much cash the business will need for replacements you did not budget. Ask for the depreciation schedule with dates and get the fleet's real ages, because a book value near zero can mean either a well-maintained asset long since paid for or a replacement bill arriving in year two. On an asset sale the allocation across these also sets your future depreciation.

In numbers: A $4M deal with $1,150,000 of appraised equipment gives a lender real collateral, while the same deal with $40,000 of it is financed almost entirely against [goodwill](https://searchspheresource.com/glossary/goodwill).

Source: https://searchspheresource.com/glossary/fixed-assets
Not dated: A definition is editorial: what a term means, why it matters, and an example. None of it reads a source that can go stale, so there is no date to take and a stamped one would be the build time wearing a costume.

Site index for machines: https://searchspheresource.com/llms.txt