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

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Question: Which of the following is an example of a non-current asset?

Options:

Correct Answer: Land

Solution:

Land is considered a non-current asset as it is not expected to be converted into cash or consumed within one year.

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

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

Step 1: Understand what a non-current asset is. A non-current asset is something a company owns that will last for more than one year.
Step 2: Think about examples of non-current assets. These can include things like buildings, land, machinery, and vehicles.
Step 3: Identify the example given in the question. The example is 'land'.
Step 4: Determine if land is a non-current asset. Land is not expected to be sold or used up within one year, so it is a non-current asset.

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