Borrow: fixed assets

Taxes payable-VAT payable (input tax)

Loans: bank deposits

2. When purchasing and paying for the equipment to be installed:

Borrow: Construction in progress.

Taxes payable-VAT payable (input tax)

Loans: bank deposits

When the equipment is installed and delivered for use:

Borrow: fixed assets

Loan: Construction in progress.

When an enterprise purchases equipment and pays the price, it shall conduct accounting through such subjects as "fixed assets" and "bank deposits". Fixed assets refer to tangible assets that have a service life of more than one fiscal year and are held for producing goods, providing services, leasing or managing.