Question

Meaning of Non current Asset​

Answer 1

Noncurrent assets are a company's long-term investments for which the full value will not be realized within the accounting year. Examples of noncurrent assets include investments in other companies, intellectual property (e.g. patents), and property, plant and equipment.

Answer 2

Answer:

A noncurrent asset is an asset that is not expected to turn to cash within one year of date shown on a company's balance sheet. (This assumes that the company has an operating cycle of less than one year.)

A noncurrent asset is also known as a long-term asset.

Example- Goodwill, Plant and Equipment etc