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3 Tutorials that teach Long Term Assets
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Long Term Assets

Long Term Assets

Author: Kevin Bullock

In this tutorial, the student will learn about long term assets.

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Notes on "Long Term Assets"

Terms to Know

Personal Property

Tangible and intangible assets that are transferrable among individual owners

Real Property

Resources that have physical characteristics and are used in business operations

Long Term Assets

Assets that will be used for longer than one year, such as plant assets and long-term investments

Short Term Assets

Assets that are converted to cash, used up, or sold within one year

Book Value

The cost of a depreciable asset less its accumulated depreciation