Non Current Assets
<p>A noncurrent asset is an asset that is <strong >not </strong>likely to turn to unrestricted cash within one year of the <a href="http://www.accountingcoach.com/blog/balance-sheet" title="What is a balance sheet and why is it prepared?" >balance sheet</a>date. (This assumes that the company has an operating cycle of less than one year.)<br />
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A noncurrent asset is also referred to as a <a href="http://www.accountingcoach.com/blog/what-is-a-long-term-asset" title="What is a long-term asset?" >long-term asset</a>.<br />
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Noncurrent assets are reported under the following balance sheet headings:</p>
<ul >
<li >Investments (long-term)</li>
<li >Property, plant and equipment</li>
<li ><a href="http://www.accountingcoach.com/blog/intangible-asset" title="What is an intangible asset?" >Intangible assets</a></li>
<li >Other assets</li>
</ul>
<p>Examples of noncurrent assets include the cash surrender value of life insurance, a <a href="http://www.accountingcoach.com/blog/what-is-a-bond-sinking-fund" title="What is a bond sinking fund?" >bond sinking fund</a>, certain investments in other corporations, land, buildings, construction in progress, equipment, furnishings, vehicles, leasehold improvements, some deferred income taxes, goodwill, trademarks, and unamortized bond issue costs.</p>