The difference between gross fixed assets and net fixed assets is accumulated depreciation.

Name: The difference between gross fixed assets and net fixed assets is accumulated depreciation.
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Quizplus · Accepted Answer

Gross fixed assets refer to the total value of all fixed assets owned by a company, while net fixed assets refer to the value of fixed assets after deducting accumulated depreciation. Therefore, the difference between gross fixed assets and net fixed assets is indeed accumulated depreciation.

The Difference Between Gross Fixed Assets and Net Fixed Assets