What Are Non-Current Assets?
Non-current assets are long term assets the business plans to own for a year or more.
How it Works
A business will have assets.
Some of a business’s assets will be current assets.
Others will be non-current.
Non-current assets are long term assets that the business expects to hold for a year or more.
These include tangible assets such as buildings, equipment, office furniture.
They also include intangible assets such as good will and patents.