Accounting for IGCSE & O level - Accounting Procedures (Section 23 - No. 26)
Which of the following is a characteristic of a non-current asset?
It is expected to be converted to cash within one year.
It is used in the normal course of business operations.
It is intended for resale.
Its value depreciates over time.
Explanation
Non-current assets are used over several periods in the business.
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