Art equipment purchases that you will depreciate may include items such as a computer, a kiln, a printing press or other types of machinery. Items that are directly expensed are the supplies for your art such as clay, paint, brushes, film, etc.
If you are depreciating equipment over its useful life the accounting entries will look like this:
Furniture and equipment $xx.xx
Depreciation expense $xx.xx
Depreciation: Furniture & equipment $xx.xx
The first entry is made for the full amount of the purchase. The second entry is for the amount of depreciation taken in the tax year and will continue to be made in subsequent years until the equipment is fully depreciated.