Which of the following is NOT considered a current asset?

Current assets are defined as assets that are expected to be converted into cash or consumed within one year or within the operating cycle of the business, whichever is longer. This category typically includes cash, accounts receivable, and inventory, as these are resources that a company can use to fund its operations and manage its liquidity.

Land, however, does not fit this definition of current assets. Land is classified as a long-term asset or non-current asset because it is not intended to be sold or consumed within the short term. Instead, land is held for long-term use, investment, or potential appreciation in value. Its characteristics do not align with the liquidity requirements that define current assets, making it a clear example of a non-current asset.