Long term assets are assets that can't be easily converted in to cash like vehicles,equipments and machineries .
land, buildings, equipment
No investments in other business are normally for long term basis. If investments are for long term then long term assets otherwise current assets.
Assets: Inventory 25000 Other current assets 100000 Long term assets 75000 Total assets 200000 Liabilities: Current liabilities 50000 Long term liabilities 150000
Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.
Classified balance sheets generally subdivide its major categories into short-term and long-term parts. In a classified balance sheet, the assets section usually includes:Current Assets (or Short-Term Assets)Fixed Assets (or Long-Term Assets)Sometimes, additional sections may be included:Intangible Assets (may be included under current/fixed depending on the nature of the intangibles)"Other" Assets (any other assets that do not fall under the above, such as contingent assets)
if investment is for short term period then it is current asset otherwise it is long term assets.
fixed assets are long term assets which have long term period
If investments are for short term then these are current assets but if these are for long term then non-current assets.
if loans given for short term period then current assets but if given for long term then non-current assets.
Short term liabilities are those whose life is less than 12 months. Long term assets: I presume you mean either long term liabilities (whose life is greater than 12 months) or long term assets is the value of a company's property, equipment and other capital assets minus depreciation.
No investments in other business are normally for long term basis. If investments are for long term then long term assets otherwise current assets.
Assets: Inventory 25000 Other current assets 100000 Long term assets 75000 Total assets 200000 Liabilities: Current liabilities 50000 Long term liabilities 150000
Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.
Premises are long term assets of company that's why these are shown in long term assets in balance sheet.
Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.
Classified balance sheets generally subdivide its major categories into short-term and long-term parts. In a classified balance sheet, the assets section usually includes:Current Assets (or Short-Term Assets)Fixed Assets (or Long-Term Assets)Sometimes, additional sections may be included:Intangible Assets (may be included under current/fixed depending on the nature of the intangibles)"Other" Assets (any other assets that do not fall under the above, such as contingent assets)
Fixed assets are long-term, tangible resources, such as property and equipment that are used in a company's operations. These assets are classified as long-term and tangible because they are not intended for resale and are hold value.
yes in the year in which they need to be dissolved in that year those assets can become current assets.