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متابعة

Define Govt. grants. What types of approaches are followed to record grants and how? How do these approaches differ to each other?

An asset purchased of $20,0. Govt. provided subsidy up to60% of the purchasing cost. Asset life is10 years. Required: Treatment under different approaches of recording grants.

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تم إضافة السؤال من قبل Muhammad Faheem , Consultant- Accounts, Audit & Taxation , Basim Associates
تاريخ النشر: 2013/11/26
مستخدم محذوف‎
من قبل مستخدم محذوف‎

Dear Muhammad Faheem 

Members usually do not have time for detailed answers. So better to ask short questions. You will witness that members will seldom answer computational questions. 

I am answering this only because it will have cost you10 participation points to invite me.