BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Noncurrent assets are a company’s long-term investments that are not easily converted to cash or are not expected to become cash within an accounting year. Also known as long-term assets, their costs are allocated over the number of years the asset is used and appear on a company’s balance sheet.

Detailed explanation-2: -Current assets are a company’s short-term assets; those that can be liquidated quickly and used for a company’s immediate needs. Noncurrent assets are long-term and have a useful life of more than a year. Examples of current assets include cash, marketable securities, inventory, and accounts receivable.

Detailed explanation-3: -Long-term assets (fixed assets) Long-term assets (also called fixed or capital assets) are those a business can expect to use, replace and/or convert to cash beyond the normal operating cycle of at least 12 months. Often they are used for years.

Detailed explanation-4: -Some examples of long-term assets include: Fixed assets like property, plant, and equipment, which can include land, machinery, buildings, fixtures, and vehicles. Long-term investments such as stocks and bonds or real estate, or investments made in other companies.