Answer to Question #254889 in Management for Penny

Question

Martin has recently decided to start a multimedia company that will film production for various platforms. He intends to his company to be leading in content product for DSTV ,showmax and Netflix as well as his own channel,Marking TV. With references to the above scenario,explain the three non current assets that Martin is most likely to have know his business .use examples to justify your non current selection.

Answer 1

1. Intellectual property, property such as copyrights, trademarks, and industry knowledge would be non-current assets the Martin will have

2. Investment: The company’s long-term investment would be non-current assets because they provide value to the business but cannot be changed to cash in one year.

3. Equipment, equipment such as cameras, and other filming gadgets cannot be liquidized easily, thus remaining non-current assets.