Hi tobijenkins1980
Tangible assets can either be current or fixed. Current assets are things like stock or cash, items that the company expects to use up or sell within a year. and fixed assets are things like equipment, such as your photographic equipment, and property, things that a company expects to use for more than one accounting period.
You will have to create a Tangible assets account, in the detail type select machinery and equipment and Name the account.
In the depreciation box you will enter an amount that you expect the item decrease in value over a given period. We suggest that you refer to an accountant of what this amount should be.
