Which of the following describes assets that will not be sold during the fiscal period?

Fixed assets are described as long-term assets that a business does not intend to sell during the fiscal period. These assets typically include property, buildings, machinery, and equipment that are used in the operation of the business for an extended period. Unlike current assets, which are expected to be converted into cash or used within a year, fixed assets have a useful life that extends beyond a single fiscal year. Their nature and purpose in a business are to support operations rather than being sold off for cash flow within the fiscal timeframe.

While intangible assets concern non-physical resources like patents or trademarks, they can also be held long-term but do not fit the specific classification of fixed assets since they're not tangible items. Current assets are meant to be liquidated or expended within a short timeframe, while operating assets refer to the assets used to conduct the business, which may include both current and fixed assets. Thus, fixed assets are the most appropriate choice when describing assets not intended for sale during the fiscal period.