Setting up equipment assets for new business

[Mike or Penny Novack]

Cam is essentially correct. Just another example of how you have to know 
how it would be done in traditional pen and ink on paper accounting in 
order to understand how to use GnuCash. Just one thing to add. You might 
not need one account per piece of machinery. What you actually need is 
one account for everything following the same depreciation schedule (all 
items bought in the same year that are then depreciated over the exact 
same number of years by the same method). But keep in mind that the 
whole purpose is to make things easiest in the long run. Even if some of 
these were following the same schedule and could be depreciated 
together, large (expensive) discrete pieces of machinery that might 
subsequently have different histories might as well each have their own 
account. Probably why Cam suggested that.

Michael