An enterprise to accept the donation of an old equipment, the market price of similar equipment for 30000, the estimated wear and tear of 12000, the installation costs incurred 1

According to the new standard, the acceptance of the donation of things, the whole is recognized as non-operating income. Debit for fixed assets or inventory (with value-added input)

Borrow: fixed assets 310000

Taxes payable - VAT payable 5100 (30000 * 17%)

Credit: non-operating income 315100

So the recorded value of the fixed assets is 310,000 yuan