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.

Related Terms:

Capital Expenditures Asset

← Back to Accounting Dictionary


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!

Scroll to Top