Definition: A rhombus is a quadrilateral with four congruent sides. Similar to the definition of a rectangle, we could have used the word parallelogram instead of quadrilateral in our definition of rhombus. Thus, rhombuses have all of the properties of parallelograms (stated above), along with a few others.
Join Now. We are updating our SpiceWorks installation with purchase values for our physical servers, however accounting would also like us to add a value for each virtual machine as if it were a fixed asset. Wondering how other companies/businesses have accounted for their virtual servers/machines within their Fixed Asset schedules.
What is a 'Fixed Asset'. A fixed asset is a long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be consumed or converted into cash any sooner than at least one year's time. Fixed assets are sometimes collectively referred to as plant..