UK Accounting Glossary
1. The act of equipping, or the state of being equipped, as for a voyage or expedition.
2. Whatever is used in equipping something or someone, for example, things needed for an expedition or voyage.
Tangible property (other than land or buildings) that is used in the operations of a business. Examples of equipment include devices, machines, tools, and vehicles.
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This glossary post was last updated: 30th September 2019.