Yes create a fixed asset named for the equipment, and a fixed asset account for accumulated depreciation. And a liability account for the loan.

The interest paid on the whole loan is info, but not entered at the time of purchase. Interest will be entered with each payment as will the amount of insurance paid for at that time.

journal entry
fixed asset account, 23,199.85
Tax expense, 1,412.84
liability account, 24,612.69