XRT acquired plant costing $3m on 1 January 20X3, funded in part by a government grant of $1m. The plant has a useful life of 10 years.Calculate the non-current liability shown in the statement of financial position as at 31 December 20X3 if the deferred income method is applied.Calculate the value of the PPE as at 31 December 20X3 under the deferred income method and the netting-off method.
From: Non-current assets › 3 Government grants (IAS 20)
whats that 9/10 in solution of sfp
Thanks..