Non Current asset

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Long-term asset
Long-term assets or noncurrent assets are those assets usually in service over one year such as lands and buildingsplants and equipment, and long-term investments. These often receive favorable tax treatment over current assets. Tangible long-term assets are usually referred to as fixed assets.
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Non Current asset
an asset which is not easily convertible to cash or not expected to become cash within the next year. Examples include fixed assets, leasehold improvements, and intangible assets; opposite of current asset.

Copyright © 2001, Ray Wright

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