Fixed Assets — Grade 12 Accounting Notes

Comprehensive CAPS-aligned study notes for Fixed Assets in Grade 12 Accounting. Browse the sections below to find detailed explanations, worked examples, and exam preparation material.

Sections in Fixed Assets

Fixed Assets

Fixed Assets Fixed assets (also called non-current assets or property, plant and equipment) are long-term resources used by a business to generate income. They are not held for resale but for use in…

Introduction to Fixed Assets

Fixed Assets in Accounting Every business needs resources to operate, and some of the most valuable resources are fixed assets. These are long-term, physical assets that a business owns and uses over…

Asset Register

The Asset Register A business that owns multiple fixed assets needs a reliable way to track each asset, its cost, depreciation, and current value. The asset register serves as a detailed record of…

Residual value/called scrap value of R1

Residual Value and Scrap Value of R1 When a business purchases a fixed asset, it does not use that asset forever. Eventually the asset reaches the end of its useful life and must be disposed of. The…

Note to the Balance Sheet and Asset disposal

Frequently Asked Questions

What is covered in Fixed Assets for Grade 12 Accounting?

The Fixed Assets section covers all key concepts from the Grade 12 Accounting CAPS curriculum, including detailed explanations, worked examples, and exam preparation tips.

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Our Fixed Assets notes are CAPS-aligned and include worked examples, common mistakes to avoid, and exam tips — everything you need to prepare for your Grade 12 Accounting exams.

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Note to the Balance Sheet and Asset Disposal The Tangible Assets Note (also called the Fixed Asset Note or Note to the Balance Sheet) is a key disclosure that shows the breakdown of all…