Accounting Dictionary
Equipment
Depreciable tangible property that lasts more than one year and is used to generate income in a business.
Examples are trucks, computers, bull dozers, drilling equipment, and back hoes.
https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/equipment/
Sign Up to Learn More!
Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!