noncurrent asset

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Related to noncurrent asset: current assets

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.

Fixed Asset

An asset with a long-term useful life that a company uses to make its products or provide its services. Strictly speaking, a fixed asset is any asset that the company does not expect to sell for at least a year, but the term often refers to assets a company expects to have indefinitely. Common examples of fixed assets are real estate and factories, which a company holds for long periods of time.

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.
References in periodicals archive ?
In this case, if KL were to replace its noncurrent assets with new equipment at a cost of $1.
The two companies use different depreciation policies: HJ depreciates its noncurrent assets using straight-line depreciation at the rate of 20 per cent of cost with no residual value; KL uses the reducing-balance method at 25 per cent per annum.
Each company purchased all of its noncurrent assets in the month the company was formed.
The purpose of this paper is to provide practical guidance to practitioners in considering (a) whether noncurrent assets have been impaired, (b) how to measure the impairment loss, and (c) how to display the impairment loss in GAAP-based financial statements.
121 concerning whether an allowance account should be utilized when recognizing asset impairment in the held for sale category of noncurrent assets, since the declines in value in these assets are subject to recovery, practitioners probably should consider using an allowance account to offset any loss recognized in income.
Most noncurrent assets of most clients will fall in this category; and, the measurement principles applicable to this category are more difficult to apply.
9 million) from the sale of noncurrent assets and investment securities, despite JPY 11,079 million (US$131.
IFRS 5, Noncurrent Assets Held for Sale and Discontinued Operations (footnote to para.
Noncurrent assets that are classified as held for sale and directly associated liabilities are displayed separately as current assets and current liabilities only when meeting the IFRS 5 criteria for held-for-sale.
2 million) from sales of noncurrent assets, such as patents related to plasma displays, despite capital expenditures of JPY 5,890 million (US$61.
Regarding improving the Company's financial position, Pioneer has worked to generate cash mainly through inventory reductions and the sales of noncurrent assets such as patents related to plasma displays.
11 implementation in the general long-term debt account group and setting up reserved fund balances for any noncurrent assets resulting from the statement's implementation.