Nonmonetary Assets

20/10/2010 22:02

Assets in which the right to receive a fixed or determinable amount of currency is absent. This feature distinguishes nonmonetary assets from monetary assets - which are assets that can be converted into a fixed or determinable amount of currency - such as cash, bank deposits, and accounts and notes receivable. Nonmonetary assets include intangible assets such as copyrights and patents, goodwill, inventories, property, plant and equipment.