Sumitomo Bank, a large bank in southern California, has just purchased 120 high-speed telephone fax machines (costing about $1,300 each) to speed communications among its many offices. The purchase was made by the purchasing manager, who expects the machines to last about five years. In this case, the fax machines are:

Question

Quizplus · Accepted Answer

Accessory equipment refers to less expensive and shorter-lived capital items than installations, and not part of the final product, like the fax machines in this scenario. They support office operations without being a major capital investment or integral component of the final product.

Sumitomo Bank, a Large Bank in Southern California, Has Just