Other assets that appear in the balance sheet are called long-term or fixed assets because they're durable and will last more than one year. Examples of long-term assets include the following.

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...

Under IFRS, cryptocurrencies are typically classified as intangible assets, requiring periodic impairment tests, whereas US GAAP may categorise them as inventory depending on the entity’s business ...