What are some examples of a company's short-term and long-term assets?

Alex_BM

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Sep 10, 2022
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This may differ from one company to another. But they include:

Short-term assets include things like cash, accounts receivable, inventory, and prepaid expenses. These items are relatively easy to convert into cash, so they're considered more liquid than long-term assets, which are hard to sell off quickly.

Long-term assets include land, buildings, machinery/equipment, intangible assets like patents and trademarks, and other investments that can't be turned into cash quickly.