Which of the following is an example of long-term assets?

Goodwill is classified as a long-term asset because it represents a company's intangible value derived from factors such as brand reputation, customer loyalty, and employee relations that contribute to future economic benefits over an extended period. It is recorded on the balance sheet when one company acquires another and pays more than the fair market value of its net identifiable assets. Goodwill is not expected to be converted into cash or consumed within a single year, thus fitting the definition of a long-term asset.

In contrast, accounts receivable, immediate inventory, and cash are considered current assets. Accounts receivable represents amounts owed to the company for sales made on credit, which are expected to be collected within a year. Immediate inventory consists of goods available for sale and is typically intended for sale within the operating cycle, while cash is the most liquid asset and can be used or spent immediately. These characteristics clearly distinguish them as current assets rather than long-term assets.