Long-term assets are assets that provide a benefit to a company for more than one year.

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Long-term assets are defined as assets that will have a benefit for a company for a period of more than one year. Examples of long-term assets include property, plant, and equipment, as well as investments and intangible assets like patents and copyrights. These types of assets are typically expected to generate future revenues or cost savings, and are therefore critical to a company's long-term success.

Long-Term Assets Are Assets That Provide a Benefit to a Company