Is this inventory?

[MrNumbers]

I'm trying to figure out what to classify this guys' inventory as. He has a business where he drives to hospitals, hauls off their used and unwanted equipment who transfer ownership of the equipment to him (he doesn't buy it, and he invoices the hospital for hauling it away), stores it in a warehouse for who knows how long, and then sells it at some unknown future point when a buyer asks if he has something. He obviously has fuel costs for these hauling trips, as wells as tolls, weigh in station costs, rent for the storage facility, etc. This equipment does depreciate and who knows how old it is. He only realizes profit when he sells the equipment. He doesn't fix up or augment the inventory in any way, just strips it for parts. How would it be classified on the balance sheet the moment he receives the equipment from these hospitals? He doesn't pay anything for this equipment when he gets it.