1: equipments definition
2: how equipments noted
3: equipments vs plants
4: example of equipment
Opening information:
Equipments word would break into two words equip and ment, equip means item of supply which are used to fix it, ment means used or expression for action.
Equipment means item which are used to produce or fix something, so now let’s have a look what is a equipments, how the equipments noted in the all public Corporations, and what is the difference between the equipment and plants, finally one clear example about the equipment.
1: equipments definition
Mr.jagif is a family who had three children and one wife, his normal day job was a Electrician, where he earn nearly 6000 dollars per month.
For his electrician jobs, he had purchased his tools before the 7 years, which already became very old.
So he had decided to purchase new tools for his electrician works by exchange the old one with extra money, which cost around 12,500 dollars totally. Because he actually purchased different kind of 346 tools for his own job of business.
Each and every day jagif customer got increased day by day, not because how he worked on his electrician works, but because how he handle and keep every of his customer happy.
He is not actually satisfy his customer, instead he fix their problem and make them happy, this return heavy customer traffic in long run.
Among the 346 tools he had the most used tools was wrench, Pliers, Wire stripper, Screwdriver, Tape measure extra…
Here these 346 tools of jagif electrician materials are considered as equipments in his own personal business.
So now let’s dive into know how this same kind of equipments are identify in the public Corporations and useful to note for stock Investors too.
2: how equipments noted
Equipments doesn’t represent any amount of specific things as a physical object. Instead they are ideas of concept to show anything which are used as a tool for a particular purpose to create and produce something.
Which that something would be considered as goods or service of one public business or organization to sold that to their consumers.
Clearly equipments only represent them as a tool of one whole things, but not a one item or machine which used to produce goods or service for such business.
Equipments are collection of item which are used in the business for different kind of benefits but with core purpose anyway.
Commonly each and every company had tables and chairs as part of working towards the primary business, so they are trapped in the category of equipment.
Then computer, landline mobiles phones, printer, scanner are also used in the public business, which are used by the hundreds and thousands of employees which are completely related to certain Corporations, therefore which also involve in the category of equipment in the public Corporations.
Next whenever there is the technology items there would be also a physical item of tools such as pen, pencil, stapler, scissors, color pens or pencils, stamps extra… where this items of small things also include in the equipment.
More than a physical item of table and chairs, businesses had lots of machine which produce their business market primary goods or products, which that equipments of tools are differ based on the each businesses.
If the one milk production machine lost one tools to mix the necessary water with real milk, then such tools also be need to change it anyway, where that tools are called as equipments in the public market among stock Investors.
Which this equipments is the one which are written in balance sheet on one company in the asset side.
Most of the peoples confuse the equipment and plants, so let’s jump into know the key difference in it anyway.
3: equipments vs plants
The difference between the equipment and plants are, equipments are the one which are collection of tools which are not only used in machine or inventory, instead they are used by each and every one.
On the other side, Plants are the computed item of building or property, machines, lather, land of one particular location, which is totally one production place of factory is know as plant.
So the equipment are the parts of one plants, to make you more clear about the equipment let’s seen into one clear example anyway.
4: example of equipment
Say the company T are the one which are used to produce the oil for all over the world, such factory had a hundreds and thousands of tools to produce the oil.
That tools are a any small separate machine or item which they are collection of tools which are used for very complex process.
Here the factor is know as a plants and the collection of tools are equipments.