Which of the following represents a non-current asset?

Goodwill is indeed classified as a non-current asset because it represents an intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets. Goodwill reflects the value of the acquired firm's brand reputation, customer relationships, employee relations, and other factors that contribute to future earning potential. As a non-current asset, it is not expected to be converted into cash within a year and remains on the balance sheet until it is deemed impaired or the related business is sold.

In contrast, other options pertain to different accounting classifications. A bank overdraft is a liability since it indicates money that a business owes to the bank, typically due to borrowing. Furniture, while it is a tangible asset, is generally reported as a current asset if it is expected to be sold or utilized within a year; however, it can also be classified as a non-current asset if it is used in operations beyond that timeframe. Accumulated depreciation is a contra asset account, which reduces the value of tangible assets over time but does not necessarily classify it as a non-current asset itself. Therefore, Goodwill correctly fits the definition of a non-current asset in this context.