Accounting for IGCSE & O level - Final Statements (Section 4 - No. 41)
What is a key characteristic of non-current assets?
They are expected to be used for more than one accounting period.
They are easily converted to cash.
They are used up quickly in the normal course of business.
They are always intangible.
Shpjegimi
This is the defining characteristic of non-current assets.