Is Land a Current Asset?

Written by True Tamplin, BSc, CEPF®

Updated on January 02, 2023

No, land is not a current asset. A current asset is an asset that provides economic value for or within one year. Since land is expected to provide value for longer than a year, it is considered a long-term asset. In fact, land cannot be depreciated over time, making it the most long-lasting asset a company can have.

Is Land a Current Asset FAQs

Is land a current asset?

No, land is not a current asset.

What is a current asset?

A current asset is an asset that provides economic value for or within one year.

Why is land a long-term asset?

Since land is expected to provide value for longer than a year, is it considered a long-term asset.

Can land appreciate over time?

Land only appreciates over time. In fact, land cannot be depreciated over time, making it the most long-lasting asset a company can have.

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.