Any equipment utilized by an organization to create other products
(bookkeeping) Any single asset which has an acquisition cost of $5,000 or even more and a good life of several year, whether bought outright, obtained through a capital lease or through donation. In addition it includes particular built or fabricated things and certain component components (See UW Shared Financial System Accounts and meanings.) It generally does not feature genuine residential property (land), pc software or library holdings.
Any equipment used by a business to make other commodities
(bookkeeping) Any single asset which has an acquisition price of $5,000 or more and a helpful lifetime of more than one 12 months, whether bought outright, obtained through a capital rent or through donation. Moreover it includes particular constructed or fabricated products and specific component parts (See UW Shared economic climate Accounts and Definitions.) It generally does not consist of real residential property (land), computer software or collection holdings.