Equipment (Econ)

{
  "id": "MLC-T-ECS-000628",
  "term": "Equipment (Econ)",
  "field": "Economic statistics",
  "definition": "Capital expenditures for equipment include machinery, furniture and fixtures, computers, and vehicles used in the production and distribution of goods and services. Expenditures for machinery and equipment which are housed in structures and can be removed or replaced without significantly altering the structure are classified as machinery and equipment. New equipment consists of machinery and equipment purchased new and equipment produced in the company for use by the company. Used equipment is secondhand machinery and equipment.",
  "see_also": [
    "Capital Expenditures"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/equipment-econ/"
}