Non-Current Assets

Non-current assets are resources a company owns and plans to use for a long time, typically more than a year. Examples include property, equipment, machinery, and vehicles. They are not intended for quick sale but support business operations and help generate revenue over time. These assets are recorded on the company’s balance sheet and are usually depreciated or amortized, reflecting their decreasing value as they age or wear out. Non-current assets are essential for the company's long-term growth and stability, distinguishing them from short-term assets like cash or inventory.