Storage facilities,retail outlets,and production equipment are examples of ________.

Question

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Storage facilities, retail outlets, and production equipment are all examples of fixed assets. Fixed assets are long-term assets that are not likely to be converted into cash within a year and are used to generate revenue for a business. Liquid assets refer to assets that can easily be converted into cash, such as cash itself or stocks. Current assets are assets that are expected to be converted into cash within a year, such as accounts receivable or inventory. Intangible assets refer to non-physical assets, such as intellectual property or brand value.

Storage Facilities,retail Outlets,and Production Equipment Are Examples of ________