Question

Give any two examples of non-current assets.

Hint:

Non-current assets are long-term investments that help generate revenue over multiple financial periods and are not easily converted into cash.

Answer 1

Two examples of non-current assets are:
1. Land and Buildings: These are long-term assets used for business operations and not intended for sale.
2. Machinery: Equipment used in the production process, which has a useful life extending beyond the current financial year.