The product you purchase would be configured as 

• a Consumable
• with an Expense Account set to the Fixed Asset account

1. Add a custom field linking the Fixed Asset to an Equipment record.

2. Use the Automation Framework to create an Equipment record each time a Fixed Asset is created, using your field to link the two:

**  Consumables are excluded from your Inventory valuation - because they have no current asset value - but using them in this way allows their purchase price to generate a fixed asset value once the Vendor Bill is recorded.