Equipment

{
  "id": "MLC-T-ECS-000627",
  "term": "Equipment",
  "field": "Economic statistics",
  "definitions": [
    "Apparatus, furnishings, motor vehicles, office machines, and the like having an expected life of more than 5 years. Equipment expenditure consists only of amounts for purchase of equipment, including both additional equipment and replacements. Expenditures for facilities that are integral parts of structures are classified as expenditure for construction or for purchase of land and existing structures.",
    "(Econ) 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."
  ],
  "subject": "Governments",
  "see_also": [
    "Statistics about Governments",
    "Capital Expenditures"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/equipment/"
}