noncurrent asset

Noncurrent asset

Any asset that is expected to be held for the whole year, not sold or exchanged, such as real estate, machinery, or a patent.

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noncurrent asset

An asset that is not expected to be turned into cash within one year during the normal course of business. Noncurrent assets include buildings, land, equipment, and other assets held for relatively long periods. Noncurrent assets are generally more profitable than current assets, but they also entail more risk because they are more difficult to turn into cash and are likely to fluctuate in value more than current assets.