Long-term assets: Expected benefit greater than one year

Examples:

Depreciable assets: Physical assets used in ordinary operations (property, plant, and equipment)

Intangible assets: Non-physical assets used in ordinary operations (copyrights, trademarks, goodwill)

 

H_3F_Long_term assets

Write Off Apps

App for Entrepreneurs to Learn Tax Savings, Structure Right, & Grow Their Business with an Easy Game. A player chooses a character and plays each round against an opponent answering questions and learning on how to structure a business right, pay less tax, and more along the way. It is a fun and interactive way to learn all you need fast!

Free Cheat Sheet

Free Cheat Sheet

Subscribe for your free Cheat Sheet and to start your Know Your Numbers Journey

« Back to Glossary Index