In this video,we will study definition of Non-Current Assets along with its types and list.
𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐀𝐬𝐬𝐞𝐭𝐬?
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An asset has an financial value and is held for the benefit of an company in the present and the future.
𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐀𝐬𝐬𝐞𝐭𝐬
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#1 - Current Assets
#2 - Non-Current Assets
𝐍𝐨𝐧-𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐀𝐬𝐬𝐞𝐭𝐬 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧
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Investments in assets which an organization is expected to hold for more than one year are referred to as non-current assets (also known as long-term assets).
𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐍𝐨𝐧 - 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐀𝐬𝐬𝐞𝐭𝐬
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#1 - Tangible Assets
#2 - Natural Resources
#3 - Intangible Assets
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐍𝐨𝐧 - 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐀𝐬𝐬𝐞𝐭𝐬
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#1 - Property Plan and Equipment
#2 - Natural Resources
#3 - Intangible Assets Like Patents, Copyrights etc
#4 - Goodwill
#5 - Long Term Investments
#6 - Other Long Term Assets.
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