Classification of asset, agricultural balance sheet
2 - Long-term assets
An asset that has a useful life greater than one year. Such an asset, which can be either a tangible or intangible item, is usually not purchased for resale, but is to be used over time to produce saleable products. Included are land and buildings, machinery and equipment, quota and productive assets such as breeding herd and investments. All items are valued at current market value.
| Code | Title |
|---|---|
| 2.1Long-term investments, long-term assets | Long-term investments, long-term assets |
| 2.2 | Breeding livestock, long-term assets |
| 2.3 | Machinery and equipment, long-term assets |
| 2.4 | Quota, long-term assets |
| 2.5 | Land and buildings, long-term assets |
| 2.6 | Income Stabilization Account Balances |
| 2.7Other long-term assets | Other long-term assets |
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