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Long Term Assets Examples. Fixed assets are things you buy for your company's internal use rather than resale. Tangible assets are something that can be physically touched.

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Long-term assets (non-current assets) are items expected to remain in the company's possession for more than a year. Information about a company's long-term assets is a key component of accurate financial reporting, business valuation, and thorough financial analysis. Long-term assets also include intangible assets, like patents, trademarks and copyrights.

Hence, long-term assets are also known as noncurrent assets or long-lived assets.

Some of the most common long-term assets The following accounts track long-term assets such as organization costs, patents, and copyrights.

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These are called intangible assets, and the accounts. Some examples of tangible assets include buildings, land, equipment, tools, and anything else that has a physical stance. Long Term Assets Examples Generally Accepted Accounting Principles Financing Activities Include Financial Accounting Standards Board Long Term Debt.

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