Fixed Asset

Definition

A tangible long-lived asset — servers, laptops, vehicles, furniture — recorded at cost and expensed over its useful life through depreciation.

Worked Example

Asset record:

description:   Production server rack
cost:          $9,600
in service:    2026-01-01
useful life:   4 years
salvage value: $600
method:        straight-line

Interpretation & Pitfalls

Cost includes whatever it took to make the asset usable: shipping, installation, configuration.

In TupicFinance

Fixed assets registered in the platform generate their depreciation cost items automatically each period.