Long-term assets are assets like plant and equipment that are depreciated over terms of more than five years, and are likely to last that long, too.

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Bplans GlossaryBplans Glossary

At Bplans, it's our goal to make it easy for you to start and run your business. Our glossary of common business terms will help you learn about key small business and entrepreneurship topics, to help you plan, fund, and grow your business.