Respuesta :
The cost of equipment that will benefit future periods is typically recorded as an asset
What are assets?
Assets are resources controlled by entity whose future economic benefits are expected to flow to the entity, in essence, the fact the equipment would be used and would benefit the company owning now and in subsequent years, means that it cannot be recorded an expense whose benefits span only one accounting period, rather it should be recorded as an asset since its benefits cut across many accounting periods.
Without mincing words, when the equipment in this case, is bought the asset account should be debited since an increase in assets has a normal debit entry in double entry principle, hence, it is recorded an increase equipment account.
Find out more about assets on:brainly.com/question/1550965
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