Which of the following is an example of a non-current asset?

A non-current asset is defined as an asset that is not expected to be converted to cash or used up within one year. It typically includes assets that are intended for long-term use in the operations of a business.

The office building is classified as a non-current asset because it is a physical property that a business uses for an extended period, contributing to its operations and revenue generation over many years. Such assets are essential for the continuous functioning of the business and are reported on the balance sheet, reflecting their value to the company over time.

In contrast, options such as inventory and accounts receivable are considered current assets, as they are expected to be sold or converted into cash within a year. Cash equivalents, while liquid and easily accessible, are also not classified as non-current assets because they are meant for short-term use. Thus, the office building stands out as a non-current asset due to its long-term utility and purpose within a business context.