Canada Purchases, Expenses and Assets

[karikamiya]

Story time!

I purchased tools to work on my hobby aircraft with a credit card, how would i commit this to a book.

Obviously i credit the liability account CC, but should i put the debit under "Expenses: Hobby", since its something for my hobby, or should i put it under "Assets: Fixed Assets" since the tools are worth money that i can resell later, and will hold value over time?

 

[internal auditor]

Dear,
I think it should be recorded as asset.

Regards,