A non-current asset should continue to be classified as non-current:
A)Until it is decided that it will be sold
B)Until it is actually disposed of
C)For the duration of its originally defined useful life
D)Until it is fully depreciated

Question

Quizplus · Accepted Answer

A non-current asset remains classified as such until it is actually disposed of. The decision to sell, the duration of its useful life, or its depreciation status does not change its classification.

A Non-Current Asset Should Continue to Be Classified as Non-Current