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
