Buildings, machines and more vehicles used for purpose of production are examples of?
Answer Details
The examples provided - buildings, machines, and vehicles used for production - are called fixed assets. Fixed assets are long-term assets that a company uses in its operations to generate revenue. They are called "fixed" because they are not easily converted into cash, unlike liquid assets such as cash or securities. Instead, fixed assets are expected to provide benefits to the company over a long period of time, typically more than one year. These benefits can include increased efficiency, productivity, and capacity, which ultimately help to increase profits. Examples of fixed assets include property, plant, and equipment, such as buildings, machinery, and vehicles used for production.