The long-term operating assets are: 1. Long-term equity investment 2. Fixed assets 3. Construction in progress 4. Intangible assets 5. Deferred income tax assets Long-term operating liabilities are naturally long-term liabilities that are not allowed to pay interest. , mainly include: 1. Long-term payables, but excluding finance leases (in financial liabilities) 2. Non-interest-bearing items payable 3. Deferred income tax liabilities 4. Deferred income 5. Others that do not need to pay interest Long-term liabilities
Long-term assets are asset items among corporate assets that are not intended for sale but are used exclusively for corporate business activities and have a long economic life. In enterprises in Western countries, long-term assets usually include the following: (1) Real estate, buildings and equipment (also called factory equipment), including houses, land, machines, tools and equipment, appliances and their devices, shipping equipment, etc. ; (2) Natural resources, such as forests, oil wells, mines, etc.; (3) Intangible assets are specific rights owned by an enterprise that can bring economic benefits to the enterprise but have no physical form, such as patent rights, trademark rights, copyrights, corporate credibility, etc. Long-term assets are generally reflected in each asset account at their original value. Except for land, which is not depreciated, factory equipment should be depreciated on a regular basis; natural resources such as mines should be depreciated on a regular basis; intangible assets such as patent rights should be amortized on a regular basis. In a company's balance sheet, long-term assets are generally not included in long-term investments and are usually listed separately, while intangible assets should reflect their original value and current net value respectively.
Classification
Long-term assets include long-term investments, fixed assets, intangible assets, deferred assets and other long-term assets.
(1) Long-term investment. Long-term investment refers to investing money in assets that are unlikely or not prepared to be liquidated within one year, including stock investments, bond investments, and other investments.
(2) Fixed assets. Fixed assets refer to assets with a service life of more than one year, a unit value above the prescribed standard, and that maintain their original physical form during use, including houses and buildings, machinery and equipment, transportation equipment, tools and equipment, etc.
(3) Intangible assets. Intangible assets refer to non-monetary assets without physical form, such as patent rights, trademark rights, copyrights, land use rights, non-patent rights, etc.
(4) Deferred assets. Deferred assets refer to various expenses that cannot be fully included in the current year's profits and losses and should be amortized in subsequent years, including start-up expenses, improvements and overhaul expenses of rented fixed assets, etc.
(5) Other assets. The company's other assets refer to long-term assets other than current assets, long-term investments, fixed assets, intangible assets and deferred assets.