Final answer:
Equipment is included on the balance sheet under the Fixed assets section, which is for long-term assets used in a company's operations
Step-by-step explanation:
Equipment would be included on the balance sheet in the Fixed assets section. Fixed assets, also known as non-current assets, are long-term assets that are used in the operations of a business and are not expected to be converted into cash within a single year.
These may include property, plant, and equipment (PP&E), which encompass machinery, office equipment, buildings, and other long-term tangible assets. On a balance sheet, these assets are typically listed after current assets, and their value is depreciated over time based on their useful life.