All related expenses are included in the book value of "intangible assets-land use right" and then promoted according to the service life.

Borrow: intangible assets-land use right

Lend bank deposits

Borrow: management fees

Loan: intangible assets-land use right

The taxes involved are: stamp duty, deed tax and enterprise income tax due to the increase of capital reserve.

According to the guidelines of the new accounting standards, the deed tax paid when purchasing the land use right is included in the subject of "intangible assets" or "development cost" (real estate enterprise); The stamp duty paid is included in the subject of "management fee-stamp duty".