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Subjects>Business>Accounting

Is land a current or non current asset?

Anonymous

∙ 12y ago

Updated: 9/18/2023

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.

Wiki User

∙ 12y ago

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Q: Is land a current or non current asset?

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Is Closing Inventory is it a current asset?

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is land a liquid asset

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Current asset appears first in the balance sheet such as cash, accounts receivable and inventory. Fixed assets are those such as land, buildings, vehicles, furnitures, office equipments. In short, fixed assets are also known as non-current asset. It can also be known as capital assets or plant, property and equipment.

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