What is the meaning of ORDER OF PERMANENCE?

Where fixed assets are entered in the balance sheet in descending' ORDER OF PERMANENCE' (i. E. Land first, then buildings, then equipment,..).

Barry Goldsmith
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APABarry Goldsmith. (2010). ORDER OF PERMANENCE. Retrieved September 24, 2026, from http://smartdefine.org/order_of_permanence/definitions/1159855
ChicagoBarry Goldsmith. 2010. "ORDER OF PERMANENCE" http://smartdefine.org/order_of_permanence/definitions/1159855 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, ORDER OF PERMANENCE, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/order_of_permanence/definitions/1159855>.
MLABarry Goldsmith. "ORDER OF PERMANENCE" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/order_of_permanence/definitions/1159855>