Vocabulary Term: non-inventory asset

This term is part of our Unit 9: Taxes I vocabulary list. Please note that pronunciations can vary slightly even in the same dialect.

Noun (thing)

USA

non-inventory asset

USA

any capital asset which is retained by the company and not likely to be turned into cash within one year or less

USA

"The auditors studied the non-inventory assets and found that two of the company cars were missing."

ESP