What is the best definition of a non-current asset?
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The total of current assets less current liabilities
An asset purchased for resale
Expenditure made to fulfill a revenue obligation
An asset intended for use on a continuing basis in the company's activities
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An asset intended for use on a continuing basis in the company's activities
Examples of noncurrent assets include investments, intellectual property, real estate, and equipment.Noncurrent assets are a company's long-term investments for which the full value will not be realized within the accounting year.
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