Concept:Long-term assets used in business operations are known as fixed assets.
Explanation:Buildings and machinery are purchased for continued use over many years in the business.
They are not bought for resale in the normal course of trading.
Such tangible items with a long useful life are classified as fixed assets.
Current assets, such as cash and stock, are held for short-term use.
Capital employed and paid-up capital are financial terms related to funds, not physical assets.
Therefore, buildings and machinery are fixed assets.
Answer:B. fixed assets