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Fixed Asset
(redirected from Noncurrent asset)

   Also found in: Financial, Wikipedia 0.01 sec.

Property, such as machinery or buildings, utilized in a business that will not be used or liquidated during the current fiscal period.



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This improvement mainly reflected the recording of a gain on sales of noncurrent assets such as patents related to plasma displays, and decreased income taxes.
ASSET QUALITY INDEX The asset quality ratio derives from dividing noncurrent assets (minus property, plant and equipment) by total assets.
121 requires entities to consider whether noncurrent assets have been impaired and provides guidance in measuring impairment losses for both noncurrent assets held for sale and noncurrent assets held for use.
 
 
 
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