Meaning Long-Term Asset
What does Long-Term Asset mean? Here you find 2 meanings of the word Long-Term Asset. You can also add a definition of Long-Term Asset yourself
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Long-Term AssetSomething that will not be turned into cash or be consumed within one year of the balance sheet date. See also cost accounting.
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Long-Term AssetAn ASSET that has the following characteristics: (1) it has a useful life of more than one year; (2) it is acquired for use in the operation of a business; and (3) it is not intended for resale to cus [..]
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