Other assets that appear in the balance sheet are called long-term or fixed assets because they’re durable and will last more than one year. Examples of long-term assets include the following.

Off-balance sheet assets are assets used in off-balance sheet financing, the practice of leaving certain financial arrangements off the balance sheet. Some examples are guarantees, retained or ...

This means they have a useful life of more than one year. Fixed assets include property, plant, and equipment (PPE) and may be recorded on the company's balance sheet under that classification.