What are the main differences between major equipment and accessory equipment?

What will be an ideal response?

ANSWER: Major equipment includes capital goods such as large or expensive machines, mainframe computers, blast furnaces, generators, airplanes, and buildings. Major equipment is depreciated over time rather than charged as an expense in the year it is purchased. In addition, major equipment is often custom designed for each customer.Accessory equipment is generally less expensive and shorter-lived than major equipment. Examples include portable drills, microcomputers, and computer software. Accessory equipment is often charged as an expense in the year it is bought rather than depreciated over its useful life. In contrast to major equipment, accessories are more often standardized and are usually bought by more customers.

Business

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A market culture has a strong internal focus, and it concentrates on developing the business and marketing plans and helping employees market their product(s).

a. true b. false

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Interest is deducted from the credit extended at the beginning of the loan under the

A) simple interest method. B) add-on interest method. C) discount interest method. D) Rule of 78.

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