A school district is awarded a cash grant to conduct a teacher training program As part of the grant, the district is given, rent free, both ofce space and training facilities in the building of the state education department How, if at all, should the district account for and report the value of t...

The provision of the rentfree facilities can be considered onbehalf payments In Statement No 24 Acco ...

A school district is awarded a cash grant to conduct a teacher-training program. As part of the

Question:

A school district is awarded a cash grant to conduct a teacher-training program. As part of the grant, the district is given, rent-free, both ofﬁce space and training facilities in the building of the state education department. How, if at all, should the district account for and report the value of the ofﬁce space and the training facilities?