Accounting terms
Accounting articles
Accounting news
Home Terms with E Equipment

<< previous ‹ Go back Comments next >>

Go back Rating:

Accounting term:

Equipment

Definition:Generally, equipment is classified as a free-standing item having an acquisition value of $1500.00 or higher, and a normal life expectancy of one year or longer. See Policy and Procedure Manual, Section 350-65 for more information. Equipment can only be purchased on a Purchase Requisition.
Related terms:
Rate it:

Current Comments
0 comments so far (post your own)

Leave your comment about Equipment
Name:
Email:
Comments:





Accounting terms Home Accounting Contact
Accounting terms by letter:





Some accounting terms:
  • Hire and Purchase Agreement
    Hire and Purchase Agreement is a contract (more fu [...]
  • Earnings retention
    Earnings retention is the proportion of net income [...]
  • Default
    Failure to meet any financial obligation. Default [...]
  • Materials
    Materials are physical goods (and their cost) used [...]

All material copyrighted by its original creator , ©2009 Accounting-Terms.net. All Rights Reserved. Privacy , Terms