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23. On January 2, 2011, Brand Company received grant of P 60,000,000 to compensate it for costs it incurred in planting trees over a period

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23. On January 2, 2011, Brand Company received grant of P 60,000,000 to compensate it for costs it incurred in planting trees over a period of five years. Brand Company will incur such cost in this manner: Years 2011 2012 2013 2014 2015 Costs P 2,000,000 P 4,000,000 P 6,000,000 P 8,000,000 P 10,000,000

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