equipment

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Equipment

Tangible assets that are peripheral to a company's operations but are nonetheless necessary. Equipment is generally moveable and may be more or less expensive than other equipment. Trucks to transport materials and toilet paper for customer bathrooms are both examples of equipment.

equipment

Fixed assets that are acquired as additions or supplements to more permanent assets. Equipment includes lighting fixtures in a building, for example. Equipment, unlike real estate, is generally moveable.

equipment

small items of capital such as a hand drill or screwdriver which are used to produce goods. See PLANT, MACHINERY, CAPITAL STOCK, FIXED ASSET.