Question: The main difference between a current asset and a non-current asset is One increases revenue while the other decreases revenue. The duration of the asset,

The main difference between a current asset and a non-current asset is

One increases revenue while the other decreases revenue.

The duration of the asset, or the amount of time that the asset will provide benefits to the firm.

One is a revenue, the other is an expense.

unimportant, because they are all reported the same way on the balance sheet.

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