Non-current assets are assets which are expected to be converted into cash in more than 12 months from the reporting period. The other type of asset is current asset which is expected to be converted in to cash within 12…
Property, Plant and Equipment is the non-current asset and as such it cannot be converted into cash within 01 year time period from the reporting period. It is a tangible asset and is used to drive future economic benefits from…
Capital expenditure is one which is incurred to gain future economic benefit for more than one reporting period. It is denoted by CAPEX. This type of expenditure is not of a recurring nature and that is why, it is presented…