Question

what do you understand about non-current assets?

Answer 1

Non-current assets are assets which represent a longer-term investment and cannot be converted into cash quickly. They are likely to be held by a company for more than a year. Some examples of non-current assets include land, property, investments in other companies, machinery and equipment, cash surrender value of life insurance, Tangible fixed assets (such as equipment and real estate), Goodwill.  Noncurrent assets for a company are important to investors because the assets might be long-term investments used for expansion or the launch of a new product line. Depreciating noncurrent assets helps a company, so the costs of acquiring the asset are spread out over the long-term.