MCQ

Option (a) is correct

Fixed assets are assets that help companies reap economic benefits over a period of time. Assets such as land, building, plant and machinery are all fixed assets. The general consensus is that fixed assets cannot be liquidated easily. This is quite apparent when compared to current assets such as cash and bank account and inventories, which can be liquated or converted into cash relatively easily.

It may be noted that intangible assets can also be part of this head as they benefit companies over a long period of time. Few more examples of the same would be trademarks, designs and patents.

(Source: an Article published on THE HINDU)