Non Current Assets Definition And Examples
We already study about Current Assets Definition And Examples , but here we study about Non Current Assets Definition And their Types And Examples. Non Current Assets or Fixed Assets are those assets which have life more than one year and these are purchased by the business to use in the business’ offices. These Provide benefit to the business for the long period of time and obviously it is more than one year. Types of Non Current Assets Tangible Those which have physical existence, e.g., Plant & Machinery, Furniture, Office Equipment, etc Intangible Those which have no physical existence and can not be touched and seen. e.g., Goodwill, Franchise, Patents, etc. Now, we come to the Examples of Non Current Assets Plant & Machinery A company uses plant & machinery in the production department for the manufacturing of the goods sold to end customers. Depreciation is charged on Plant & Machinery on the basis of Str...