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Laro TANGIBLE FIXED ASSETS「IN USE Exercise 1 The ABC Company has made the following transactions: 1) the manufacturing machinery purchased; payment agreed to next month; value of assets: 40.000 EUR; the company plans to finance this transaction with the use of bank credit valued in USD 2) 2.000 EUR - costs of transport and installation of the machinery paid in cash; 3) credit interest accounted: 500 EUR; 4) negative exchange rate differences on bank credit: 300 EUR; 5) positive exchange rate differences on bank credit: 100 EUR; 6) the machinery accounted as tangible fixed assets in use To complete: Post entries to accounts.

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