Assets are made of movable and immovable property or/and ownership rights of legal entity or individual that can be expressed in terms of money. Assets as such are essential for business operations and depending on their life span may be short-term and long-term. Current assets have a lifetime of up to one year while long-term assets are assets used in business for a number of years. In the financial statements, long-term assets are shown on the assets side and are divided into intangible, tangible, financial assets and receivables. Since the assets are spent (physically and in terms of value), reimbursing their value is one of the basic tasks and the most important issues of each company. Assets vary depending on the type of activity company deals with by form, composition, purpose and use, role in business and sources of funding. Long-term assets are amortized over their useful life, and the amortization amount is being decreased by the value of depreciation of long-term assets.