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2.6. aid from local government As part of the aid to ABC Company, the local government of a city issued 100 licenses to store information
2.6. aid from local government As part of the aid to ABC Company, the local government of a city issued 100 licenses to store information in the cloud, this with the aim of improving access to technology. The fair value of each license is $150,000 and allows information to be stored for a period of 5 years. Required: You need to make accounting treatment including explanation for transaction above
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