Which of the following describes tangible assets?

Tangible assets refer to physical items that have value and are used in a business's operations. The correct choice highlights fixed assets that are expected to be utilized for over one year. These can include items such as buildings, machinery, and equipment that contribute to the production of goods or services. Their long-term nature is essential for businesses as they represent capital investments that generate revenue over an extended period.

In contrast, the other options do not accurately describe tangible assets. Assets that last less than a year are typically classified as current assets, not tangible. Intangible assets, such as brand recognition or patents, represent non-physical items and thus fall outside the definition of tangible assets. Lastly, cash reserves refer to liquid assets, which, while valuable, do not fit the definition of tangible assets that have a physical form.