long-term assets

Definition

On a balance sheet, the value of a company's property, equipment and other capital assets expected to be useable for more than one year, minus depreciation.

Use long-term assets in a sentence

You need to try and keep a cool head with your long-term assets and not freak out if they lose some value.

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We purchased a new truck last year, and listed it among our long-term assets as we expect to have the truck for at least a decade.

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If a company owns equipment like production machines and computers, and property like office spaces and factories, or even financial assets like hedge funds and savings, and those assets are still existent after one year, they are Long-Term Assets, and their value is counted minus the depreciation of the asset, like in the case of computers which depreciate in value rapidly.

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