How Are Current Assets Different From Fixed or Noncurrent Assets? Assets are categorized in accounting by their time horizon of use. Current assets are expected to be sold or used within one year.

However, this approach does not offer a way to arrive at an accurate value for non-current assets since the prices of assets are likely to change with time—and the price doesn't always go down.

However, this approach does not offer a way to arrive at an accurate value for non-current assets since the prices of assets are likely to change with time—and the price doesn't always go down.