Crossword Genius

Capital equipment beginning to appreciate (4)

Ross

I believe the answer is:

riga

'capital' is the definition.
(Riga is an example)

'equipment beginning to appreciate' is the wordplay.
'equipment' becomes 'rig' (rig is a kind of equipment**).
'beginning to' suggests taking the first letters.
The first letter of 'appreciate' is 'a'.
'rig'+'a'='RIGA'

(Other definitions for riga that I've seen before include "Capital city of Latvia" , "Baltic port" , "European capital" , "Latvian port" , "capital in Europe" .)

I've seen this clue in The Times.
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