Choose your... Country Language
SALE
Buy now and
save up to 50% off today

What are Non-current assets?

Non-current assets (Definition)

Non-current assets are assets that your business holds on to for more than a year, and that the businesses uses to make money in the long term. Most of the time they have a high value, and they can’t be sold off for money fast. There are three types of non-current assets: tangible assets that are physical assets owned by a business (property or equipment); intangible assets such as goodwill and intellectual property – things that aren’t in a physical form; and natural resources, such as timber, natural gas, and fossil fuels. It can also include long-term investment assets, such as bonds and stocks. Examples include:

  • Property
  • Land
  • Machinery
  • Vehicles
  • Tools
  • Computer equipment
  • Stationery

Related articles

Expenses

What are assets? Ten financial terms for small business owners

Expenses

Intangible Assets: Meaning, Examples, & Types of Intangible Assets

Accounting

What is Good Will in Accounting? A Guide for Small Business Owners

Ready to run your business better with QuickBooks Online?