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Non current asset: PPE


Arpit (Student)     04 June 2020

Arpit
Student 
 1 likes  54 points

| My Other Post

Dear all,

Why do we classify PPE in 9th year i.e. on 31st March balance sheet of the 9th year as Non current asset even if the PPE has a useful and economic life of 10 years only?

Padmanabhan (Student)     06 June 2020

Padmanabhan
Student 
 134 likes  1306 points

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You are not going get cash by selling the asset at the end of its useful life immediately.
So it is not classified as Current Asset

1 Like
avater

Amit Jain   07 June 2020

Amit Jain

 5 likes  42 points

View Profile | My Other Post

PPE will never be classified as current assets even you have utilised the economic life of the assets. You need to carry the assets until you sell or discarded

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