Is equipment a current asset? 1.86K viewsAccounting0 Anderson 0 Comments Let’s say that a company buys equipment. Is it recorded as a current asset, a non current asset or is it judged on a case by case basis? 1 AnswerActiveVotedNewestOldest 0 Croxton Posted 0 Comments Equipment is part of the property, plant and equipment which is the fixed asset line. So they are not part of the current assets. Register or Login Search for: