Non-Current Assets: Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A non-current asset is one that ____ have it's value fully realized within one year.

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1. Which of the following is an example of a non-current asset?

2. Which of the following is not a non-current asset?

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About This Quiz & Worksheet

The subject of this quiz is non-current assets, and you'll have to be able to identify examples of these assets to do well on the quiz.

Quiz & Worksheet Goals

You'll have to demonstrate your knowledge of:

  • Definition of a non-current asset
  • Examples of non-current assets
  • Major categories of non-current assets
  • A type of intangible asset

Skills Practiced

  • Interpreting information - verify you can read information regarding intangible assets and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about the major categories of non-current assets
  • Distinguishing Differences - compare and contrast topics from the lesson, such as current and non-current assets

Additional Learning

Check out the corresponding lesson called Non-Current Assets in Accounting in order to learn more about:

  • What assets are
  • Characteristics of current assets
  • Difference between current and non-current assets
  • How non-current assets are reported on a balance sheet
  • Various types of long-term assets in a business
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