Long-term assets or fixed assets, such as office premises or buildings and equipment, are essential long-term assets. Fixed assets comprise equipment, vehicles, machinery, and computers. These assets regularly have a service life of exceeding more than one year and are often more expensive for retail purchases.

Intangible assets are not all assets are real things. Some assets, such as goodwill, equity investments, patents, and websites, cannot be touched. However, these intellectual assets can be considerable.

Long-term investments are investments that are not anticipated to be realized in the next 12 months (sold or otherwise converted to cash). These comprise investments in the company’s common stock, the purchase of bonds publicized by the company, and so on.