--%>

What are equipment expenses

What is equipment expense or what are equipment expenses?

E

Expert

Verified

The main expense of equipment is of purchasing of equipment. This is capital expenses since we purchase equipment for using objectives more than one year rather than trading purposes. Some time, we acquire equipment on rent or rental basis, at that it is as well our equipment expense. However it will be little hard for us whether we must show it in balance sheet as capital expenditure or display it in income statement as operating expenses.

   Related Questions in Financial Accounting

  • Q : Explain the term Company Explain the

    Explain the term Company in reference to Accounting?

  • Q : What are Impersonal accounts What are

    What are Impersonal accounts and how it is classified?

  • Q : Function of budgetary control play in

    Describe the function of budgetary control play in cost control? And also write down the requirements for its triumphant execution?

  • Q : Current and capital account deficit

     Exhibit 3.3 states that in year 1991, the U.S. had current account deficit and consecutively a capital account deficit. Explain about how this may occur?

  • Q : Measures to avoid financial crisis In

    In integrated world financial market, financial crisis in country is rapidly transmitted to the other countries, resulting in the global crisis. State some of the measures would you propose in order to avoid the recurrence of the Asia-type crisis.

  • Q : Define Margin Improvement Margin

    Margin Improvement: Margins in the business remained beneath pressure, even previous to the economic downturn for the industry as an entire, returns on capital have continued under the cost of capital. Previous to the falls in the second half of the y

  • Q : Explain the term Insolvent Explain the

    Explain the term Insolvent in brief associating to debt?

  • Q : Depriciation techniques What are the

    What are the merits and demerits of the techniques shown below of depreciation? • Straight line process • Reducing balance process• Revaluation process • Usage process &b

  • Q : Challenges of friendships How is

    How is friendship differing from other relationships? Explain the challenges of friendships. What are the common expectations for friendships – give an illustration of each. Explain how friendships fluctuate ove

  • Q : Accounting Required parts are clearly

    Required parts are clearly describes at the end of the questions and additional resource contains the journal article related to question three.. Approx 2000 word assignment.. First Question is of not more than 1000 words to make memorandum and its example is given at end of assignment and require