real estate
non financial assets characteristics
literature review on non performing assets?
Non current assets decrease with depreciation which is due to wear and tear due to usage of that assets in revenue generation.
There is no such thing as unexempt assets. They are called non-exempt assets, and they are assets that must be given up.
They are financial assets because they are non-physical assets
non current assets are like land, building machinery premises etc
Current assets
Probate assets are part of a deceased person's estate that go through the probate process, while non-probate assets pass directly to beneficiaries outside of probate. Probate assets include property solely owned by the deceased, while non-probate assets include assets with designated beneficiaries or joint ownership.
If investments are for short term then these are current assets but if these are for long term then non-current assets.
Fixed assets and non-current assets are basically the same. Both are defined as assests that are utilized or depreciated by a company over the course of more than a year.
Liquid assets are those considered easy to liquidate. Such as savings, money market accounts and cash on hand. Non liquid assets are difficult to liquidate. Certificates of deposits are an example of a non liquid asset.