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Capital equipment

Meaning

Noun

Any
used by an organization to
other commodities.
In American English & Accounting:
Any
which has an
cost of $5,000 or more and a
life of more than one year, whether
,
through a
or through
. It also includes certain
or
and certain
(See UW Shared Financial System Accounts and Definitions.) It does not include
(land),
or
holdings.
Sourced from
Wiktionary
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