On June 30, 2019, Company C purchases IT office equipment for EUR 200.000 + VAT of 15%. Payment is made at year end. Company C also purchased a land for EUR 500.000 on 1 January 2019. Payment is made immediately. No VAT charged. On June 30, 2019 Company C pays the state an amount of EUR 5.000.000 for a concession agreement for the exploitation of a portion of the new state railway. The concession is for a period of 12 years starting June 30, 2019. No VAT charged Pass for all operations the accounting entries at purchase/contract date and any other accounting entries needed at year end.