Long-term assets generally include:

Name: Long-term assets generally include:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Long-term assets are assets that a company plans to hold for more than one year. Land held for a possible future plant site is a long-term asset as it is not intended to be sold or used up in the near future. Inventory held for sale, prepaid rent, and accounts receivable are considered current assets as they are typically used up or converted to cash within a year.

Long-Term Assets Generally Include