Non-current Assets
Noun
US
/nɒn ˈkʌrənt ˈæsets/
UK
/nɒn ˈkʌrənt ˈæsets/
US
/nɒn ˈkʌrənt ˈæsets/
UK
/nɒn ˈkʌrənt ˈæsets/
Long-term assets not expected to be converted to cash within one year.
Accountants apply Non-current Assets when preparing financial statements and audits.
Also known as: Fixed Assets, Long-term Assets. Closely related to Current Assets, Fixed Assets.
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Non-current Assets - key concept in Accounting.
Balance sheet; Capital planning; Business valuation
Applied in Accounting contexts: Balance sheet; Capital planning