In the classification of assets between current and non-current the essential criterion is the intention of the owner.

Question

Quizplus · Accepted Answer

The classification of assets between current and non-current is based on the expected time frame in which they will be used or converted into cash, regardless of the intention of the owner. Current assets are expected to be used or converted into cash within a year, while non-current assets are expected to be used or produce benefits for more than a year.

In the Classification of Assets Between Current and Non-Current the Essential