Question: The assets of Kunalun and Co., a large advertising agency, are as follows:
- Cash at bank
- Fixture and fittings;
-Office equipment;
-Motor vehicles;
-Freehold office premises;
-Computer equipment;
-Work-in-progress(that is, partly completed work for clients)
Which of these do you think should be defined as non-current assets, and which should be defined as current assets?