capital equipment

Noun

Meaning

Any equipment used by an organization to produce other commodities.

(US, accounting) Any single asset which has an acquisition cost of $5,000 or more and a useful life of more than one year, whether purchased outright, acquired through a capital lease or through donation. It also includes certain constructed or fabricated items and certain component parts (See UW Shared Financial System Accounts and Definitions.) It does not include real property (land), software or library holdings.

Examples

Capital equipment has also been purchased to assist with operations. Source: Internet

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