Define: Business Equipment
Business Equipment means all tangible property used or held primarily for business, trade, production of income, or sales.
Business Equipment means all tangible property used or held primarily for business, trade, production of income, or sales.
Relevant Circumstances
- When a business is leasing or purchasing tangible assets
- When a business is licencing its equipment to another entity
- When a business is franchising its operations, including its tangible assets