Processing Fixed Assets in AX

In two different AX manuals, I’ve found two controversial definitions of fixed assets:

  1. “A fixed asset is something produced or purchased by the company for its own needs, but not for further distribution or conversion into cash.”

  2. “Fixed assets are items of value owned by an individual or corporation, such as buildings, vehicles, land, and equipment. Fixed assets can be converted to cash.”

Which one is correct? :slight_smile: