IAS 38Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 38This topic has 1 reply, 2 voices, and was last updated 3 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts January 22, 2021 at 8:40 am #607506 huiyu98ParticipantTopics: 39Replies: 32☆☆May i ask how to accounted for intangible asset that acquired by government grant? Should it accounted accordance with ias 38 or ias20? January 22, 2021 at 10:38 am #607528 Stephen WidbergKeymasterTopics: 15Replies: 3212☆☆☆☆☆Imagine it’s a licenceDt Intangible Cr Cash with money paidDr Cash Cr Deferred income with grant receivedBut if licence was actually given to you by the government, I would go for:Dr Intangible Cr Deferred income with either a nominal amount ($1) or the fair value (hard to measure)AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In