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

A non-current asset is typically defined as a long-term asset that a company expects to hold for more than one year and that is essential to its operations. Property owned by the business fits this definition perfectly because it is a long-term investment that contributes to the company's ability to generate revenue over an extended period. Property can include land, buildings, and any improvements made to them, and it usually appreciates in value over time.

In contrast, trade receivables, bank loans, and cash in hand are classified differently. Trade receivables are considered current assets because they represent amounts owed to the business that are expected to be received within the operating cycle or year. Bank loans fall into the liability category as they reflect money that the business owes to financial institutions, and cash in hand is also a current asset since it is liquid and can be readily used for operations or short-term obligations. Thus, property is clearly a non-current asset while the others represent other classifications of business resources or obligations.