Expense equipment is defined as any equipment line item with a dollar value of less than what amount?

Expense equipment is defined as any equipment line item with a dollar value of less than $100,000. This classification is important for accounting and financial reporting purposes, allowing organizations to differentiate between capital expenditures and operating expenses. Items categorized as expense equipment are typically expensed in the period they are purchased, rather than being capitalized and depreciated over time like higher-value assets. This helps in financial analysis and budget management, ensuring that expenditures align with proper financial accounting practices and resource allocation. Understanding this threshold is essential for accurately categorizing expenses within an organization.