Buildings and machinery used in the running of a business are examples of

Buildings and machinery used in the running of a business are examples of fixed assets. Fixed assets are long-term tangible assets that are not expected to be converted to cash within a year or one business cycle. They are typically used to generate income and provide ongoing benefits to the business. Fixed assets can include buildings, land, machinery, equipment, vehicles, and furniture. These assets are usually recorded on a company's balance sheet at their original cost, and then depreciated over their useful life to reflect their diminishing value over time. Fixed assets are an important component of a company's financial health and can be used to secure loans or other forms of financing.