Government grant of 1,00,000 received for the construction of cycle stand in the college utilized fully. Cycle

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Government grant of ₹1,00,000 received for the construction of cycle stand in the college utilized fully.

Cycle stand is to be depreciated over five years. How much is to be added to the book value of building when direct deduction method of recognizing government grant is being followed?

(a) ₹1,00,000

(b) ₹20,000 in each of the year

(c) Nothing is to be deducted

(d) None of these

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 15, 2023 11:39 PM

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Government grant of 1,00,000 received for the construction of cycle stand in the college utilized fully. Cycle

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Financial Accounting

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