Long-term Assets
Resources expected to provide economic benefits for more than one year, including fixed assets, investments, and intangibles that support long-term operations.
Long-term Assets
Resources expected to provide economic benefits over a period exceeding one year or one operating cycle, including fixed assets, intangible assets, and long-term investments.
For example, a telecommunications company’s long-term assets might include network infrastructure, spectrum licenses, and investments in affiliates, all of which support operations over multiple years.
Long-term assets represent significant capital commitments requiring careful planning and management. On the balance sheet, they appear after current assets and may account for the majority of total assets in capital-intensive industries. Their acquisition and maintenance represent major financial decisions affecting a company’s competitive position and future cash flows.