Question

Why assets are classified into current and non current ?

Answer 1

Answer:

Fixed assets include property, plant, and equipment because they are tangible, meaning that they are physical in nature; we may touch them. ... They are considered as noncurrent assets because they provide value to a company but cannot be readily converted to cash within a year.

Answer 2

Answer:

Fixed assets include property, plant, and equipment because they are tangible, meaning that they are physical in nature; we may touch them. ... They are considered as noncurrent assets because they provide value to a company but cannot be readily converted to cash within a year.

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