Hi there, In terms of explanation of what a noncurrent asset is read below... Noncurrent assets are also know as long-term assets. See that is the key how long this asset will take to mature in value before you can draw a profit from it. A simpler way to define a noncurrent asset is to say" It is an asset that a company cannot draw value from immediately meaning it cannot be easily converted into cash. The true value of a noncurrent asset cannot be measured within one accounting year". Examples of noncurrent assets are equipment, property... Hope this helps if you still unclear do message me..

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