Final answer:
A comprehensive collection of records for real property installed equipment not tied to a building is known as a capital equipment inventory. It helps businesses keep track of their assets, plan for maintenance and upgrades, and assess their overall financial position.
Step-by-step explanation:
A comprehensive collection of records for real property installed equipment not tied to a building is known as a capital equipment inventory. This inventory includes records of all the equipment owned by a business, such as machinery, vehicles, and computers, that are used for its operations. It helps businesses keep track of their assets, plan for maintenance and upgrades, and assess their overall financial position.
For example, a manufacturing company may have a capital equipment inventory that includes a list of all the machinery and equipment on its factory floor. This inventory may include details such as the purchase date, purchase price, depreciation schedule, and current market value of each item.
Having a comprehensive capital equipment inventory is important for businesses as it allows them to make informed decisions about their assets and ensure that they are properly maintained and utilized.