1. Determine the importance of the company having long-term investments as part of the long-term assets on its balance sheet. Consider the following questions to guide your response:
   1. Should they retain long-term investments?
   2. How is the right-of-use asset determined on inception of the lease?
   3. How do you calculate the amortization the cost of a leased asset?

Answer rating: 100% (QA)

Having longterm investments as part of the longterm assets on a companys balance sheet offers several advantages 1 Diversification Longterm investments allow the company to diversify its asset portfol... View the full answer