Final answer:
Long-term tangible assets include equipment and property. Accounts receivable is a current asset, and trademarks and copyrights are intangible assets. Collectibles can be tangible assets but may not provide consistent high returns.
Step-by-step explanation:
The student's question pertains to the classification of long-term tangible assets. Long-term tangible assets are assets of a physical nature that a company uses in its operations and which are expected to provide benefits for more than one year. Examples of such assets include equipment and property. These items are used over several years and typically depreciate over their useful lives. On the other hand, accounts receivable is considered a current asset, not a long-term asset, since it is expected to be converted to cash within a short period (usually one year). Meanwhile, trademarks and copyrights are classified as intangible assets because they represent legal rights and are not physical objects.
Collectibles such as paintings, fine wine, jewelry, and baseball cards can also be considered tangible assets. These items can be enjoyed for personal use and may potentially be sold for a higher price in the future. Keep in mind, the return on investment in collectibles may fluctuate greatly and may not yield consistently high returns over time.