Introduction:
Fixed capital and working capital are two important terms in accounting and finance. Fixed capital refers to the long-term investment made by a company in assets that have a useful life of more than one year. On the other hand, working capital refers to the funds that a company uses for its daily operations.

Cattle as an Example:
Cattle can be considered as an example of fixed capital because it is a long-term investment made by farmers and ranchers. Cattle have a useful life of more than one year, and they can be used for various purposes such as meat, milk, and breeding. Farmers and ranchers invest a significant amount of money in buying and maintaining their cattle herds, and they expect to earn a return on their investment over a period of several years.

How Cattle is a Fixed Capital:
Here are some reasons why cattle can be considered as fixed capital:

- Long-term investment: Farmers and ranchers invest a significant amount of money in buying and maintaining their cattle herds. They expect to earn a return on their investment over a period of several years. Cattle have a useful life of more than one year, and they can be used for various purposes such as meat, milk, and breeding.
- Depreciation: Like other fixed assets, cattle also depreciate over time. Farmers and ranchers need to account for the depreciation of their cattle herds in their financial statements. The depreciation of cattle depends on various factors such as the age, breed, and health of the animals.
- Value appreciation: The value of cattle can appreciate over time, especially if they are of high quality and have desirable traits. Farmers and ranchers can sell their cattle herds for a profit if the market conditions are favorable.

Conclusion:
In conclusion, cattle can be considered as fixed capital because it is a long-term investment made by farmers and ranchers. Cattle have a useful life of more than one year, and they can be used for various purposes such as meat, milk, and breeding. Farmers and ranchers invest a significant amount of money in buying and maintaining their cattle herds, and they expect to earn a return on their investment over a period of several years.