Final answer:
The correct answer is d) Building, as it is a long-term asset that is not converted to cash or consumed within a year; in comparison, other options are current assets with shorter lifecycles.
Step-by-step explanation:
In terms of accounting and business, an asset that is not expected to be converted to cash or consumed within one year or the operating cycle of a company is referred to as a long-term asset or non-current asset. Among the options given, d) Building is the correct answer because it fits the description of a long-term asset. Buildings, including offices and factories, are part of the structures category, which encompasses long-term investments in property.
Unlike accounts receivable, supplies, and inventory, which are typically categorized as current assets due to their expected liquidation or use within a year's time, a building is considered a durable good with a long-term use in business operations. An asset that is generally not expected to be converted to cash or consumed within one year or the operating cycle is d) Building. Buildings are considered long-lasting durable goods, and they are not typically sold or consumed within a short period of time. They are expected to provide benefits to the owner for a longer period of time.