Hi sir,
I just wonder the reason why choice C should not be recognised as ab asset. Thanks in advance.
Ask the Tutor ACCA FR
DEC 2014 MCQ-7
The plant is the asset - the grant is deferred income ie it's an amount paid by government to help reduce the cost of the asset for the company
Imagine the double entry
Dr TNCA
Cr Cash
Dr Cash
Cr Government Grant
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