HumanBookkeeping.com™ can help. We are expert bookkeepers that can help your small business with its bookkeeping needs. Here’s a short explanation of what Long-Term Asset means. If we can be of more help explaining what Long-Term Asset is or if we can help you with any of your small business bookkeeping needs, give us a call at 888-994-8626(888-99HUMAN).HumanBookkeeping.com™ provides a way for small businesses to have outsourced bookkeeping at a significant savings. We provide our clients with pre-printed envelopes. You stuff the envelopes and our expert team does the rest with detailed reports and timely compliance support. Not to mention, you now have a team of experts at your disposal should you have questions or last-minute needs. Let’s start with answering what Long-Term Asset means:

A long-term asset is any asset that will be held or used in the production of revenue for a period greater than one year. Since most assets are recorded on a company’s books at the lower of cost or market, most long-term assets are undervalued on the company’s books.

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