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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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where [NCA.sub.t] is the amount of noncurrent assets at the t moment of time; [VCA.sub.t] is a variable part of current assets at the t moment of time; [CCA.sub.t] is a constant part of current assets at the t moment of time;
The development of company's debt portfolio
$000 Cost 1,800 Depreciation at 25% in year one 450 1,350 Depreciation at 25% in year two 337 1,013 Depreciation at 25% in year three 253 760 Depreciation at 25% in year four 190 End of year four (as shown in question) 570 Step two is to apply a depreciation rate of 25 per cent on a reducing-balance basis to HJ's noncurrent assets over the four-year period.
Performance management: candidates should perform a series of checks before and after answering each question to satisfy themselves that they will achieve the maximum score warranted by their technical know-how
BALANCE SHEET ASSETS CURRENT ASSETS: Cash $450,000 Notes and accounts receivable 850,000 FIXED ASSETS: Land 300,000 Buildings 550,000 Machinery and equipment 220,000 NONCURRENT ASSETS: Prepaid insurance, taxes, etc.
Accounting for business life insurance
Its net assets, total revenues and total expenses for 2009 and 2008 are as follows: 2009 2008 Current assets $ 626 $ 432 Noncurrent assets 950 1,263 Total Assets $ 1,576 $ 1,695 Current liabilities $ -- $ 18 Net Assets 1,576 1,677 Total liabilities and net assets $ 1,576 $ 1,695 Revenue: Scholarship donations $ 351 $ 371 Financial literacy donations 199 254 Investment and other income (269) 28 Total revenue 281 653 Expenses: Administration expenses 88 192 Scholarship distributions 294 292 Total expenses 382 484 Change in net assets (101) 169 Net assets, beginning of year 1,677 1,508 Net assets, end of year $ 1,576 $ 1,677
Notes to the combining financial statements: (Amounts Expressed In Thousands)
It also requires disclosure, for each reportable segment (if the amounts are included in the determination of segment assets, or otherwise are reviewed by the chief operating decision maker), of the amount of investment in associates and joint ventures accounted for by the equity method, and the total expenditures for additions to noncurrent assets other than financial instruments, deferred tax assets, postemployment benefit assets and rights arising under insurance contracts.
IFRS converges to U.S. GAAP on segment reporting
In Chapter 7, you learned about various valuation methods for current and noncurrent assets, accounting procedures specific to cash, accounts receivable, inventory, and prepaid expenses, and information disclosed in the notes and tables that accompany the financial statements.
Chapter 8: Asset valuation, part 2--non-current assets
He cited Spiegel Co., which showed $120m of long-term debt and only $30m of noncurrent assets. He then proposed that, if the deferred tax associated with installment receivables (a current asset) should be shown as a current liability, "it immediately raises the question of whether 90 of the 120 million of the long-term debt shouldn't also go up there, because it has to apply to something on the current asset side" (28) (p.
The SEC preempts the accounting principles board in 1965: the classification of the deferred tax credit relating to installment sales
Total assets are the sum of current and noncurrent assets. For Howard's Electronic Retailers, Inc.
Chapter 39 Investment strategies
GAAP on business combinations; noncurrent assets held for sale and discontinued operations; and accounting for costs associated with exit or disposal activities.
IFRS: a turning point

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