• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Govt Grants

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Govt Grants

  • This topic has 1 reply, 2 voices, and was last updated 8 months ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 19, 2022 at 8:29 am #661254
    lokeshdh00
    Participant
    • Topics: 111
    • Replies: 106
    • ☆☆☆

    Morning Chris, I hope you are doing good. i had a question about govt grant, This topic is preety straight forward but i had a question.
    “if we buy a depreciating asset with the grant , then we release the deferred income over the life of the asset and using the same methord.”

    So, To be true it sounds like doing a straight line, my question was if there is residual value for the depriciating asset, Would we ignore it or Just deal with it like in straightline ( cost-residual value / useful years ) , If a question had apppeared in front of my eyes, i would simply ignore the residual value ( cost / userful years ) but still wanted to confirm is that correct?

    and the other bit was, Does the “Same methord” in the notes mean, the methord used for the class of asset ?

    Thank you very much !!!

    July 24, 2022 at 5:58 pm #661739
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6493
    • ☆☆☆☆☆

    Hi,

    I’m well, thank you. If you were given a residual value then you would then use it as part of the release of the grant received.

    Using the same method is referring to the straight line and reducing balance method. If we depreciate straight line then we release the grant income straight line too.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

 

ACCA My Exam Performance for non-variant Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

FREE Verifiable CPD for ACCA Members

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • MikeLittle on Termination of Offer – ACCA Corporate and Business Law (LW) (ENG)
  • zan13898 on Termination of Offer – ACCA Corporate and Business Law (LW) (ENG)
  • Bukr on Life cycle costing (part 2) – ACCA Performance Management (PM)
  • John Moffat on Inventory Control (part 2) Quantity Discounts – ACCA Management Accounting (MA)
  • zuhairabbas on ACCA AB Chapter 4 – Organisational culture – Questions

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy