Non-current Physical Asset

A Non-current Physical Asset is a tangible item of Property, plant and equipment that is:

(a) held for use in the production or supply of goods or services, for rental to others, or for administrative purposes and
(b) expected to be used for a duration of more than one financial year

Related Pages

• Non-current Asset

External Links & References

1. AASB 116 - Property, Plant and Equipment
2. Asset Valuations for Government - Department of Sustainability and Environment
3. Google Search