You are partially on the right track, you as member of LLC make an equity contribution of fmv and accumulated depreciation into the LLC. It is as simple as that.  

Let's say the equipment cost you $10,000 and you have already depreciated it by $3000. You would contribute an asset valued at $7000. A zero sum Expense will suffice. Line 1 new asset equipment $7000 line 2 member contribution -$7000. Net 0.

You could enter $10k , -$3k for accumulated depreciation and -$7k for contribution.

You also do not need to enter a name in the Expense although you can.