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Source: Malaysia Heavy Construction Equipment Owners Association 95 712 The Objective Customs duty is a tax levied on imports by the customs authorities of a country to raise state revenue, and/or to protect domestic industries from more overseas competitors The Malaysian government uses tariffs as a main strategy to regulate
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This means that if a company does not purchase additional new equipment (therefore, its capital expenditures are zero), then Net PP&E should slowly decrease in value every year due to depreciation Depreciation Expense Depreciation expense is used to reduce the value of plant, property, and equipment to match its use, and wear and tear over time
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A quarry is a site where a stone or gravel producer extracts a variety of raw materials from the earth Common types of material extracted in quarrying activities include limestone, granite and sand
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Malaysia also locally produce AV-8 Gempita 8x8 with technology assistance from TurkeyA Malaysian company, Aegis Malinnov also has recently made the country's first pistol that will be used as a major pistol for the army
Heavy equipment usually comprises five equipment systems: implementation, traction, structure, power train, control and information Heavy equipment has been used since at least the 1st century BCE when the ancient Roman engineer Vitruvius described a crane in De architectura when it was powered via human or animal labor
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