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Glossary   >   L   >   "Long-term assets" Definition            Long-term assets Value of property, equipment and other capital assets minus the depreciation. This is an entry in the bookkeeping records of a company, usually on a cost basis and thus does not necessarily reflect the market value of the assets. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Long-term assets - Value of property, equipment and other capital assets minus the depreciation. This is an entry in the bookkeeping records of a company, usually on a cost basis and thus does not necessarily reflect the market value of the assets.