what are noncurrent assets 
pp e are noncurrent assets or long term assets noncurrent assets include intangible assets such as patents and copyrights they provide value to a company but cannot be readily converted to cash within a year long term investments such as bonds and notes are also considered noncurrent assets because a company usually holds these on its balance sheet for more than one fiscal year the bottom lineequipment machinery buildings and vehicles are commonly described as property plant and equipment pp e these items labeled are tangible fixed and not easy to liquidate pp e is listed on a company s balance sheet minus accumulated depreciation pp e represents assets that are key to the functionality of a business 