The correct answer is Fixed AssetsFixed Assets: These assets are those assets of the business which are of permanent nature. These assets are expected to last more than one year. Fixed assets are assets that a business intends to utilize in the long run to create revenue. Intangible assets: These are the assets of the business that do not have a physical existence. These include the following: GoodwillPatentsTrademarksIntellectual Property RightsComputer SoftwareLicenseCopyrightsAs per Schedule III of Companies act 2013, Intangible assets are mentioned under the heading of Fixed Assets.