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    shahidth's Avatar
    shahidth Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 27, 2009, 05:26 AM
    Types of Assets
    Types of Assets
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jan 1, 2010, 01:28 PM

    Current Assets - Cash or an asset that can be converted into cash within one year or one business cycle. Examples are cash, inventory, accounts receivable, prepaid expenses, etc.

    Non Current - Asset that has a life of more than one year. Examples are equipment, vehicles, investments, etc.

    Tangible - asset that has a physical substance, Equipment, vehicles, cash, etc.

    Intangible - asset that does not have a physical substance. Examples are copyrights, patents, goodwill, etc.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Jan 4, 2010, 09:22 PM

    That looks like four different categories, whereas fixed/plant assets, intangible assets, and investments are actually three separate categories. And while that's most non-current, investments can be current as well.

    If you're ONLY dividing into current and non-current, that works fine.

    But if you want all the categories, it wouldn't just include two. It would be current, plant/fixed, investments (non-current ones only), intangibles, and then an "other non-current assets" which is not the stuff listed there. (That would include something like a long-term note receivable.)
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