What Are Long Term Assets?
Any asset that a company or individual holds that will generate revenue for more than one year is considered a long term asset. Long term assets are the assets that a company holds of value that are expected to last in spite of any depreciation. These assets are defined as the value of a company’s equipment, property and any other assets that they have placed on a balance sheet.
Any asset that a company or individual holds that will generate revenue for more than one year is considered a long term asset. Long term assets are the assets that a company holds of value that are expected to last in spite of any depreciation. These assets are defined as the value of a company’s equipment, property and any other assets that they have placed on a balance sheet. According to many experts the three best assets that someone can invest in are stocks, bonds, and cash. Real estate is also considered a great long term asset. These assets can accumulate vast amounts of interest, and in the case of real estate, the asset builds equity. The goal of any individual or company is to preserve their assets over time and long term assets gives them this stability.
Related Questions
- I am trying to establish a long term financial plan, and want to leave my assets for my children and grandchildren, what are my options?
- Where do the numbers come from listed on the balance sheet as Other Assets and Other Short Term Liabilities?
- How far back does Arizona Long Term Care System look to see if an applicant transferred any assets?