Which of the following is an example of fixed assets listed on a Balance Sheet?

Fixed assets, also known as non-current assets, are long-term tangible pieces of property or equipment that a company owns and uses in its operations to generate income. They are not easily converted into cash and are typically depreciated over time, with exceptions for land, which does not depreciate.

Land is a prime example of a fixed asset because it is a significant long-term investment that a company holds for operational purposes. It is included on the balance sheet at its purchase price and remains a part of the company's assets for an extended period, contributing to the overall value of the business.

In contrast, inventory, cash, and accounts receivable are classified as current assets. They are either meant to be sold or converted into cash within a year or are expected to be liquidated in the near term. Inventory consists of goods available for sale, cash is liquid assets, and accounts receivable represent money owed to the company by customers. These assets are vital for day-to-day operations but do not fit the definition of fixed assets as they are not held for long-term use in generating revenue.