Never, land is a fixed asset that is listed under Property, Plant and Equipment or PP&E, but is never listed as a current asset.
NO, land is not considered a current asset as typically it is not easily liquidated into cash. Land goes under the PP&E section of the balance sheet, hence the term Property, Plant, & Equipment and is classified as a long-term asset.
Current asset
Current asset.
I believe that land comes under Property, Plant & Equipment which comes under non-current. So, as far as I can recall, it should be non-current.
Current Asset
land , building , furniture , vehicles &others
Land is not a current asset and if recorded as current asset then no entry required to re-classify as fixed asset.
fixed asset - property, land, machinery, vehicles, etc Current asset- stock, recievables, petty cash.
Current asset
Current asset.
I believe that land comes under Property, Plant & Equipment which comes under non-current. So, as far as I can recall, it should be non-current.
Current Asset
non current asset
land , building , furniture , vehicles &others
Current Asset
non-current assets.
non current
it is a expense