Acquiring machines and equipment

1. What is acquiring equipment?
2. Is a car a long-term asset?
3. Is purchasing stock an investing activity?
4. What is the difference between procurement and purchasing?
5. What are the 3 main documents used in the purchasing process?
6. What are examples of capital equipment?
7. What is major capital equipment?
8. Why is it important to buy appropriate machineries?
9. What factors affect machine choice?
10. Is jewelry an asset?
11. Is a computer an asset?
12. Is a truck an asset or equity?

What is acquiring equipment?

Acquired Equipment means all equipment of Ciba or any of its Subsidiaries, other than equipment included in the Excluded Assets, that relates exclusively or primarily to, arises exclusively or primarily out of, or is used exclusively or primarily in connection with, the Transferred Business.

Is a car a long-term asset?

Long-term assets are those held on a company's balance sheet for many years. ... Fixed assets like property, plant, and equipment, which can include land, machinery, buildings, fixtures, and vehicles. Long-term investments such as stocks and bonds or real estate, or investments made in other companies.

Is purchasing stock an investing activity?

Investing activities include purchases of long-term assets (such as property, plant, and equipment) PP&E is impacted by Capex,, acquisitions of other businesses, and investments in marketable securities (stocks and bonds).

What is the difference between procurement and purchasing?

Purchasing focuses on short-term goals such as fulfilling the five rights in a transaction (right quality, right quantity, right cost, right time, and right place), whereas procurement management focuses on strategic, long-term goals like gaining a competitive advantage or aligning itself with corporate strategy or ...

What are the 3 main documents used in the purchasing process?

The three most common types of procurement process documents are Request for Information (RFI), Request for Proposal (RFP), and Request for Quotation (RFQ). Each document serves a different purpose.

What are examples of capital equipment?

Examples of fixed capital equipment items are: plumbing fixtures, heating and electrical equipment, built-in shelves and cabinets, and inlaid carpeting. 1. Movable capital equipment is defined as capital equipment, which is not permanently attached to a building or a structure.

What is major capital equipment?

What is Capital Equipment? Capital equipment items are long-lasting goods a firm acquires and owns, but does not consume in the ordinary course of business. These may include assets such as machines, trucks, large computers, and office furniture.

Why is it important to buy appropriate machineries?

Having good quality and working equipment will give your employees the right tools to work efficiently. Having equipment that doesn't work the way you need it to can cause you to fall behind your competition. Improving your workplace environment will reduce problems due to tools or equipment that don't work properly.

What factors affect machine choice?

1. Economic factors: Economic considerations such as the cost of owning the equipment and operation and fuel costs are some of the most important factors that play a deciding role in selecting the equipment. Besides, consideration over resale value is also very important.

Is jewelry an asset?

Tangible assets: These are physical objects, or the assets you can touch. Examples include your home, business property, car, boat, art and jewelry. ... Real estate, furniture and antiques are all considered illiquid or fixed assets.

Is a computer an asset?

Special Considerations. A personal computer is a fixed and noncurrent asset if it is to be used for more than a year to help produce goods that the company will sell. A vehicle is also a fixed and noncurrent asset if its use includes commuting or hauling company products.

Is a truck an asset or equity?

Physical Existence: Tangible and Intangible Assets

Tangible assets exist in physical form. They usually include cash, investments, land, buildings, inventory, cars, trucks, boats, or other valuables.