Equipment and Machinery
Equipment and machinery (sometimes they are kept in separate accounts) are those major tools and implements used in the operation of the business. For a service company, these can include computers, copiers, telephone systems, and any electronic gear. For a manufacturing company, they include such things as drill presses, lathe machines, sanders, and other large tools.
See Also
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See Also
Proper Use of Tools (2.2) > IT Essentials: Computer Lab Procedures and Tool UseCurrent Assets vs. Fixed Assets: What's the Difference?Difference Between Assets and Liabilities (with Classification, Examples, and Comparison Chart) - Key DifferencesData Classification: Why It's Important and How To Do It