What are Term Assets?
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Tangible or intangible assets usually involved in the production of goods and services rather than held for resale
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Tangible assets usually involved in the production of goods and services rather than held for resale
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Intangible assets usually involved in the production of goods and services rather than held for resale
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Tangible or intangible assets usually involved in the resale of goods and services rather than being held for production
Term assets (also called fixed assets) include both tangible assets like machinery and buildings, and intangible assets like patents and copyrights. These assets are used in operations to generate revenue over multiple years, not held for immediate resale. Option B is too narrow (excludes intangible), option C is also too narrow (excludes tangible), and option D has the purpose backwards.