Capital equipment is defined as an asset with an acquisition cost that exceeds a set amount. Other than that a capital asset must have a lifespan of more than a year. The items typically are also required to perform or assist in producing a product, selling a product, or providing a service. Different institutions and companies may adjust the definition and acquisition costs to fit meet their needs.
OreFlow’s workshop facilities provide mining equipment, maintenance and contract services including mechanical repairs. We offer installation of new and refurbished plant & equipment.
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