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

Name: Long-term assets are assets that provide a benefit to a company for more than one year.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Long-term assets include items such as property, plant, and equipment, as well as long-term investments, and intangible assets like patents and copyrights. These assets are not expected to be converted into cash within one year and provide a benefit to the company for a longer period of time.

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