On 09/01/X1, the company Purinos Garca, S.A., acquires a machine for 425,000. The machine carries a discount of 50,000. Half is paid in cash and

On 09/01/X1, the company Purinos García, S.A., acquires a machine for €425,000. The machine carries a discount of €50,000. Half is paid in cash and the other half is on 11/30/X2.

The useful life of the machine is 10 years, the residual value of €1,800, and the linear amortization is. Transport costs are €800 and installation costs €1,100, which are paid in cash. In addition, it is estimated that dismantling costs at the end of the useful life will amount to €6,700 -with a discount rate of 1.5%.

At the end of the X1 financial year, the fair value of the machine is €350,000, the cost of sale is €8,000 and the value in use is €342,586.

Finally, the machine is sold at the end of December of the X2 for a value of €108,000 in cash.

It is also known that VAT is 21%.

It is requested to record the following operations:

Acquisition of the asset.
Amortization at the end of X1.
Deterioration at the end of X1 if applicable.
Reclassification of the pending payment of the machinery.
Payment of the pending amount.
Sale of the machine and its accounting impacts.