1.Company purchased ice cream production technological equipment for EUR with VAT 21% EUR 36300 (30 000 and VAT 6300). The equipment need setting- up Wage paid for the fitter EUR 210 Invoice received for transportation service EUR 303 (250 and VAT 21\%- 53) Construction materials used from stock warehouse EUR 150 Exercise: Calculote ACQUISITION COST of the technological equipment for accounting records. 1. Solution: The value of technological equipment purchased D 1240 Costs of the establishment of fixed assets and unfinished building objects EUR 30000 D 5721 VAT Payable EUR 6300 C 5310 Accounts payable to suppliers and contractors EUR 36300 2. Transportation service costs: D 1240 -EUR 250 D 5721 - EUR 53 C 5310 - EUR 303 3. Wage payable: D 1240 - EUR 210 C 5610 - EUR 210 4. Payable State mandatory social insurance 24.09\%: D 1240-EUR 51 C 5723 - EUR 51 5. Materials used in setting-up works: D 1240 - EUR 150 C 2110-EUR 150 6. Technology equipment put into operation D 1220 EUR? C 1240 EUR? 7. Payment made from bank account to contractors: D 5310 EUR 36300 C 2620 EUR 36300