Final answer:
Long-term asset accounting issues like impairment and depreciation are included on the balance sheet as long-term assets and handled details disclosed in financial statements' footnotes.
Step-by-step explanation:
Some special issues in accounting for long-term assets include the impairment of assets, depreciation methods, and handling of disposals or write-offs. These issues are not ignored in financial statements but are crucial factors to consider. They are neither treated as current assets nor recorded as revenue. Instead, they are included on the balance sheet as long-term assets and the details of how they are handled are often disclosed in footnotes to provide transparency and context to the financial statements. For example, a company may write down the value of an impaired asset and disclose the reasoning and methodology in the footnotes.