The business equipment industry includes companies that produce and sell a wide range of equipment used in various businesses and industries. This can include office equipment such as computers, printers, and copiers, as well as industrial machinery and equipment used in manufacturing and other industries. The industry is diverse and includes both large multinational corporations and smaller, specialized companies. It is an important contributor to the global economy, providing the tools and machinery necessary for businesses to operate and produce goods and services.
Business equipment, also known as capital equipment, is any durable and tangible item of significant cost that is expected to generate future value for a business. This can be contrast with business supplies that are consumable, non-durable or low value items that are viewed as expenses as opposed to investments in a business. The following are common examples of business equipment. The cost of capital business equipment is deprecated over time as opposed to immediately expensed. Businesses set a capitalization limit that decides whether a purchase is large enough to be considered capital. For example, a tool that costs less than $500 might be expensed as a supply. In order to be considered business equipment, an item must be required for your business. For example, a musician who requires musical instruments for their work.