Fixed assets: belong to the labor materials used to change or influence the labor object in the production process of products, and are the physical form of fixed capital. Fixed assets can play a role in the production process for a long time and maintain the original physical form for a long time, but their value is gradually transferred to the product cost with the production and operation activities of enterprises and constitutes an integral part of the product value. According to important principles, enterprises divide artificial materials into fixed assets and low-value consumables according to their service life and original value. Artificial materials with large original value and long service life are accounted for as fixed assets; Artificial materials with small original value and short service life are accounted for as low-value consumables. In China's accounting system, fixed assets usually refer to houses, buildings, machines, machinery, means of transport and other equipment, appliances and tools related to production and operation with a service life of more than one year.
Intangible assets: refers to the identifiable non-monetary assets owned or controlled by enterprises without physical form.
If an asset meets one of the following conditions, it meets the identifiability standard in the definition of intangible assets:
1, which can be separated or split from the enterprise and can be used for sale, transfer, license, lease or exchange alone or together with related contracts, assets or liabilities.
2, from the contract rights or other legal rights, regardless of whether these rights can be transferred or separated from the enterprise or other rights and obligations.
Intangible assets mainly include patent right, non-patented technology, trademark right, copyright, land use right, franchise and so on.