In the world of business, equipment refers to anything that helps us do our work, such as computers, printers, smartphones, photocopiers, modems, shredders, security systems, and vehicles.

Simply put, a piece of equipment is a capital investment that a company has purchased to perform a specific task for the business. This could be drill press in a machine shop or car lift in a repair shop. Some other examples include machinery, hand and power tools, and/or technical apparatus.