Assets are the resources owned or controlled by a retail store or business that have economic value and are expected to provide benefits in the future. In store operations, assets are important because they support the day-to-day functioning of the store, help generate sales and contribute to the overall financial strength of the business. Assets are generally classified into three broad categories: fixed assets, current assets and intangible assets. Fixed assets are long-term assets that are purchased for use in the operation of the store and are not normally intended for resale. They remain in the business for a relatively long period, usually more than one accounting year. These assets provide continuous support to store operations and are essential for creating the physical infrastructure of a retail outlet. Examples of fixed assets in a retail store include the store building, land, furniture, shelves, display racks, counters, refrigerators, freezers, air-conditioning systems, computers, billing machines, security equipment, shopping carts and material-handling equipment. Vehicles used for store operations can also be treated as fixed assets. For example, a supermarket may invest in refrigerators to preserve dairy products and frozen food, while a clothing store may invest in display fixtures, lighting systems and changing-room facilities. Fixed assets generally involve a substantial investment and require proper maintenance. Store managers must ensure that equipment and fixtures are used efficiently and maintained regularly. Depreciation is normally charged on