Furniture, fixtures, and equipment (sometimes Furniture, furnishings, and equipment is an accounting term used in valuing, selling, or liquidating a company or a building.
FF&E are movable furniture, fixtures, or other equipment that have no permanent connection to the structure of a building or utilities. These items depreciate substantially but are important costs to consider when valuing a company, especially in liquidation.
Examples of FF&E include desks, chairs, computers, electronic equipment, tables, bookcases, and partitions.
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Furniture, Fixtures, and Equipment Rental Dubai describes property a business owns and uses in day-to-day business that is not attached to the building. It includes movable furniture and furniture that may be fixed to a wall, like a bookshelf, but that won’t damage the structure of a building if removed. It also includes any equipment such as computers used in a business.
Generally, if an item is essential to a business’s operations, and you can carry it out of a building when you leave, it’s most likely FF&E.
Common examples of FF&E are:
Chairs
Desks
Tables
Cabinets
Partitions
Lobby furniture
Computers
Electronic equipment
Phones
Drapery and blinds
Decorative objects
Examples of items that are not considered FF&E are:
Consumable products (food, drink, paper products, ink, etc.)
Windows
Doors
Floors and tiles
Wallcoverings
Plumbing fixtures
Built-in reception desks
Other built-in woodwork
FF&E for specific businesses can also include things like beds for hospitals and hotels, currency counters for casinos and banks, or tools and compressors for mechanics and auto body shops.
The term FF&E is used in a variety of fields to describe different functions.
As an accounting term, FF&E items are combined on a separate line item under tangible assets on a company’s balance sheet to quantify their value. Something is “tangible” if it has a physical form, and you can touch it. Something is an asset if it has value.
In interior design, architecture, real estate, and construction, FF&E usually refers to the purchasing of furniture, fixtures, and equipment for a new business space, or the addition of items to an existing business space.
Furniture includes more substantial items such as movable office furniture. Fixtures are anything that may be secured, such as cubicle partitions or attached shelving, that have no permanent connection to the structure or building.
For example, a bookshelf might be secured to a wall to prevent it from toppling over, but its removal won’t damage the building structure. A faucet or toilet, however, would be considered a part of the building or premises itself and would not qualify as a fixture in terms of FF&E.
Equipment can refer to anything tangible a business uses for its operations such as computers, audiovisual equipment, phones, copy machines, wiring and devices, and any other industry-specific equipment.