@Towmanofba
I would suggest creating an Other Current Asset account called "Deposit on Asset" and assigning that to the payment issued for the deposit in Year 1. When you purchase the asset and pay the balance due in Year 2, enter the payment/bill as the total amount for the asset and the Deposit on Asset account as a negative amount.
That is because you don't want your balance sheet to show any cost for the asset at year-end. If you have a balance for the asset at year-end, your tax preparer may assume you bought that asset and start depreciating it, which you don't want.
