Non-current assets can be divided into two groups including tangible and intangible assets.These assets are generally used in operations of a business and have useful lives extending over more than one accounting period.

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Non-current assets, also known as long-term assets, include tangible assets like property, plant, and equipment as well as intangible assets like patents, trademarks, and goodwill. These assets are meant to be used in the business for a long period of time and are not meant for resale.

Non-Current Assets Can Be Divided into Two Groups Including Tangible