Unformatted text preview: id Insurance
Prepaid Rent B. NON-CURRENT ASSETS
Non-current assets are those assets not considered as
current assets. These include Property, Plant and
PPE or Fixed assets are assets needed to support the
operation of the business over a long period of time
and they are not intended for sale.
and B. NON-CURRENT ASSETS
a. Land – a lot or real estate owned and used by the
business on which a building could be constructed.
business b. Building – structure used to house the officer, store
or c. Office Equipment – equipments being use in the
officer. Ex. typewriters, computers, calculators, filing
cabinets, electric fans, air-conditioners… B. NON-CURRENT ASSETS
d. Store Equipment – equipments being use in the store
operation. Ex. computers, cash registers, airoperation.
conditioning units, calculators, electric fans… e. Delivery Equipment/ Transport Equipment/ Transport
Vehicle - transport vehicle used by the business in
their operation. Ex. trucks, cars, vans..
their f. Office Furniture – are furniture in the office. Ex.
Tables, chairs, curt...
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- Spring '12
- Balance Sheet, Generally Accepted Accounting Principles, A. Current assets