What is a long-term asset?

 

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A long-term asset is an asset that a company expects to sell or otherwise recognize the economic value of after more than one year.

 

Basically the assets which exists more than one year are long term assets. Some examples are land, plant, property , equipment, long term investment.

Long-term assets are those held on a company's balance sheet for more than one year. Property, plant and equipment are typical examples of long-term assets. In contrast, current assets are held by a company for one year or less.

A long -term asset is that held on a company 's balance sheet for more than one year. Also is an asset which is not intended to be turned into cash within one year of the balance sheet For example it includes property, plant, equipment

long tem assets

 kind of  assets  are considered to be used more thanaccounting period  , 

Long-term Asset is the asset which could be consumed or used for more than a year such as Land and buildings

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In accounting, long term assets or non current assets are assets that intended to be used for more than one accounting reference period. They are not to be sold but to used in the business by entity concerned. Examples include land, plant and equipment, motor vehicles etc.

Long-term investments such as long-term real estate investments and investments in stocks and bonds is not a long-term purpose of selling and speculation out, but in order to keep them achieve revenue and income. And other

Assets other tahn curent asseslike inventories cash bank all are longterm assets ex land,buiding,machimery etc.

Assets that are not intended to be turned into cash or be consumed within one year of the balance sheet date. Long-term assets include long-term investments, property, plant, equipment, intangible assets, etc.