MANAGEMENT

Detailed explanation-1: -Land is a long-term asset, not a current asset, because it’s expected to be used by the business for more than one year.

Detailed explanation-2: -Land and buildings are tangible, long-term assets companies use and benefit from over time. They are tangible because they have a physical form-unlike intangible assets (such as patents, trademarks and copyrights) that do not.

Detailed explanation-3: -Non-current assets commonly include: long-term investments such as such as bonds and shares. fixed assets such as property, plant and equipment. intangible assets such as copyrights and patents.

Detailed explanation-4: -Examples of noncurrent assets include investments, intellectual property, real estate, and equipment. Noncurrent assets appear on a company’s balance sheet.