is land fixed asset
Dynamics AX 4.0. 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. You can set up and enter acquisition information for asset records, and then manage your assets by depreciating them, calculating adjustments, and also disposing of them. When you use General ledger with Fixed assets, you can view the current value of all assets. Some features of Fixed assets are county-specific. You can use Fixed assets with Accounts receivable, Accounts payable, and Inventory management.