What are equipment expenses
What is equipment expense or what are equipment expenses?
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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.
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The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depr
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