Meaning of term Long-lived asset
This query is : Resolved
Subrahmanyam
(Querist)
14 October 2008
Pls kindly tell me the meaning of Long Lived asset.
S.Srinivasaraghavan
(Expert)
18 October 2008
Asset that has served the longest of lives.
Ravikumar.G
(Expert)
20 November 2008
long-lived assets (a.k.a. non-current assets) carried on the balance sheet. Long-lived assets are those that provide the company with a future economic benefit beyond the current year or operating period. It may be helpful to remember that most (but not all) long-lived assets start as some sort of purchase by the company.
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