Final answer:
The non-current asset from the given options is C Land, as it is a long-term investment not expected to be turned into cash within one year. Cash, Prepayments, and Receivables are all current assets, with the latter two expected to be used or settled within a year.
Step-by-step explanation:
C) Land A non-current asset, also known as a long-term asset or a fixed asset, is an asset that is not expected to be converted into cash or used up within one year. It represents resources with a longer useful life that a company uses to generate revenue over time.Let's examine each option:A) Cash: Cash is a current asset because it is expected to be used or converted into cash within a short period, typically one year. Current assets are assets that are expected to be converted into cash or used up within a year.B) Prepayments: Prepayments are typically classified as current assets if they represent payments made in advance for expenses that will be incurred within the next year. They are expected to be used up relatively soon.C) Land: Land is a non-current asset. It has a long useful life and is not expected to be used up or converted into cash in the short term.
Land is part of the property, plant, and equipment category, which comprises long-term assets.D) Receivables: Receivables can be classified as either current or non-current depending on the time frame for collection. If the company expects to collect the receivables within one year, they are classified as current assets; otherwise, they are classified as non-current assets.In conclusion, among the options provided, only "C) Land" is classified as a non-current asset.