Please enable JavaScript.
Coggle requires JavaScript to display documents.
Non Current Asset, Expense Expenditure :, Capital Expenditure, Chart Of…
Non Current Asset
Key Differences
-
-
Items like long term investments, PP&E, goodwill, depreciation, amortization, and long-term deferred tax assets
-
-
Common revaluation of PP&E—for instance, when the market value of a tangible asset decreases compared to the book value, a firm needs to revalue that asset
Fixed assets include property, plant, and equipment because they are tangible, meaning that they are physical in nature; we may touch them. A company cannot liquidate its PP&E easily. For example, an auto manufacturer's production facility would be labeled a noncurrent asset.
Intangible assets are nonphysical assets, such as patents and copyrights. They are considered noncurrent assets because they provide value to a company but cannot be readily converted to cash within a year. Long-term investments, such as bonds and notes, are also considered noncurrent assets because a company usually holds these assets on its balance sheet for more than a year.
Expense Expenditure :
-
-
-
-
-
-
-
Insurance ( cars, bulidings etc)
-
Capital Expenditure
-
-
Spend money on buildings ( extensions , carparks and storage facilities
-
Chart Of Accounts
The Chart of Accounts can be modified so that there will be an section that states the non current assets and it's section it goes in like capital and expense fixed and intangible assets.