Intangible assets are the non physical and non monetary assets but bring economic benefits to its holders. Valuing intangible assets is a hot topic because of its non physical existence that makes it one of the tricky part of the business valuation. Recognition criteria for purchased intangible assets An intangible asset must be saparetly identifiable…

Those assets that increase their value from the date of their acquisition are said to be appreciating assets. Stocks and real estate assets are the most common examples of appreciating assets.

Bonds are the most common type of debt security issued by companies to holders and provide them with cash flow. Are Bonds Current Assets Generally, bonds are not considered current assets because they are held in a company for a longer period, so they are treated as non-current assets. However, bonds are treated as current…

Unearned revenue or deferred income is the amount that a company receives from the customers in advance or before providing goods or services.

Notes receivable is the written document that is made by the customers to agree to pay a specific amount on a specific date.

Owner’s equity is the net assets of the company’s shareholders but it is not a current asset itself. Equity is recorded in the balance sheet as shareholder’s equity

A trademark is an intangible asset that has no physical existence or presence but it has significant value in the business and also it helps a business to generate good revenue.

Service revenue is not considered a current asset because it is treated as a revenue account and recorded in the income statement rather than in the balance sheet

Machinery items are typically classified as fixed assets because they are depreciated over their useful life. Machines are bought to use in a business for a longer period

Software is normally classified as a non-current asset because it is expected to be used for a longer period but if the software is expected to be used

In business terms, furniture refers to the assets that help a business to do various activities. These objects play an essential role in business operations.

Debt investments can be current or non-current assets according to the company’s intent for investment holding period and accounting treatment.