It will be known as the fixed assets.
Fixed assets are the goods that a corporation intends to employ in the long run to create the revenue. Fixed assets are also known as the property, plant, and the equipment. Any asset that is expected to be converted to cash or utilized within a year is considered a current asset.
In addition to fixed assets, the noncurrent assets include intangibles and long-term investments. Fixed assets are depreciated to account for the value loss as they are utilized, whereas intangibles are amortized.
Therefore, the correct option is b. fixed assets.
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