What is the accounting account to which equipment belongs

Equipment belongs to the asset class of accounting accounts and is included in fixed assets.

When purchasing equipment,

Borrow: fixed assets

Taxes payable - VAT payable (input tax)

Credit: bank deposits, etc.

When depreciating the equipment,

Borrow: manufacturing expenses (depreciation charged to production workshops)

Management expenses (depreciation of fixed assets not used by the management of the enterprise)

Selling expenses (depreciation of the enterprise's dedicated sales department)

Other operating costs (depreciation of fixed assets leased by the enterprise)

R&D expenditures (depreciation of fixed assets used by the enterprise in the research and development of intangible assets)

Projects in progress (depreciation of fixed assets used in the construction in progress)

Work in progress (depreciation of fixed assets used in the construction in progress) Fixed assets are depreciated)

Special reserve (fixed assets formed from safety production fees withdrawn)

Employee compensation payable (non-monetary compensation)

Credit: Accumulated depreciation

When equipment is sold,

Borrow: Fixed assets liquidation

Accumulated depreciation

Accumulation of provision for fixed assets impairment

Provision for fixed assets impairment

Borrow: Bank Deposit

Credit: Fixed Asset Liquidation

Taxes Payable - VAT Payable (Output Tax)

Gain or Loss on Disposal of Assets (can be debited or credited)