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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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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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