OK here I am your accountant baker lol well im not a CPA but I have been doing accounting for over 20 yrs.
Large Mixers, ovens, etc are an asset which you and your account will decide if you expense it over time or all at once. Usually this is decided around tax time lol
Spatulas, knives, tips etc would be expenses and deducted at the time of purchase because they can break, be lost, etc
Pans are both asset and expense. You usually expense it when you buy it because you generally don't pay a lot at the time of purchase but for "Value of Business" they should be included in assets for Loan purposes or sale of business purposes.
Does any of this help ?