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The Company received a one time payment from Government   under Investment Subsidy for  establishing Capital assets at backward area.  what would be treatment of one time amount received from government.
in IAS 20 - Accounting for Government Grants by

1 Answer

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A grant relating to assets may be presented in one of two ways:
· As deferred income (and released to profit or loss when related expenditure impacts profit or loss)
· By deducting the grant from the asset’s carrying amount.