Final answer:
Equipment is classified as a fixed asset in accounting and is considered a non-current asset. Asset holdings can be either debt obligations or equity claims.
Explanation:
An equipment is considered as a fixed asset in accounting. Fixed assets are long-term assets that a company expects to use in the business and not sell.
Equipment falls under the category of non-current assets, as it is expected to be used for several years, unlike current assets that are expected to be converted to cash within a year.
Asset holdings can be either debt obligations or equity claims. In this case, equipment being a fixed asset represents ownership and falls under equity claims, not liabilities.
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