<s>[INST] What is considered a tangible fixed asset? [/INST] A tangible fixed asset is defined as land, building, machinery, plant or furniture held with the intention of being used for the purpose of producing or providing goods or services and is not held for sale in the normal course of business. Assets held for administrative purposes may also be considered tangible fixed assets if they are not held for sale in the ordinary course of business.​ </s>