Dynamic default value for select list
The Prepopulate module allows you to construct a special URL inside your table view that, when clicked, will prepopulate the correct taxonomy term on the "Create reservation page".

The special URL will looking something like this:

http://www.example.com/node/add/reservation?edit[field_equipment_term_reference]=123


You need to:


Download and install the Prepopulate Drupal module.
In your table view, add the Taxonomy Term ID field (if not already added).
In your table view, add a Global Text custom field.
In the Global Text field config screen, specify the text "create reservation page" and then expand the rewriting section, and turn the field into a link, with link destination of node/add/reservation?edit[field_equipment_term_reference]=[tid].


Please note:


the [tid] is the substitution token from the field added in step 2.
replace field_equipment_term_reference with the real machine name of the taxonomy term reference field you're using on the Reservation node.