Respuesta :
Elevision sets that walmart owns for selling to its customers are classified as equipment.
What is equipment ?
Equipment is a non current or long-term asset account which reports the cost of the equipment.
Equipment will be depreciated over its useful life by debiting the income statement account Depreciation Expense and crediting the balance sheet account Accumulated Depreciation (a contra asset account).
Where does equipment go in accounting?
When equipment is purchased, it is not initially reported on the income statement. Instead, it is reported on the balance sheet as an increase in the fixed assets line item.
Learn more about equipment in accounting here:
