Name three (3) different companies with which you are familiar, preferably in different industries. By different industries I am talking about a manufacturer, retailer, a service business like a hair salon or a college, or your local vet. These are just examples. Try to mix up the types of businesses. Now, what types of long-lived assets you would expect to see on the balance sheets of each of these companies?

long-term assets and Liabilities three types of businesses and thier long term assets