* Noncurrent assets – or long-lived assets; acquired to help in the running of business; have long-term future benefits; are not held for resale; include among others * Intangible long-lived assets, i.e. patents, copyrights, trademarks, franchise, license, brand name, goodwill, secret formula * Tangible long-lived assets, i.e. land holdings for operations and buildings held for business use, i.e. production facilities, warehouses, machinery and equipment, motor vehicles, fittings, fixtures and furniture, office equi...