how are noncurrent assets accounted for 
noncurrent assets are capitalized rather than expensed this means that the company allocates the cost of the asset over the number of years for which the asset will be in use instead of allocating the entire cost to the accounting year in which the asset was purchased depending on the type of asset it may be depreciated amortized or depleted they appear on a company s balance sheet under the following categories investment property plant and equipment pp e intangible assets or other assets 