Equipment falls under the “Assets” category when you are running a balance sheet report. Equipment is any sort of tangible object that you have purchased to aid your business. For example:
Example 1: A Contruction company could put the following item values as equipment:
Example 2: A Software company could put the following items as equipment:
Equipment will often succumb to “depreciation”, which the decrease in value of an asset. You should speak to your accountant or CPA to figure out the depreciation of your equipment/assets.