$5.$ On $1$ April $2015,$ Wipro $($Pty$)$ Ltd acquired an asset for the cost of $$200,000$ of which $50\%$ was granted by the Government and its useful lifetime is $10$ years. Wipro $($Pty$)$ Ltd closes accounts to $31$ December every year and recognize depreciation on straight$-$line method assuming no residual value $.$

Required:

a$.$ Prepare in Financial statements $($SOPL and SOFP extract$)$ in relation to the Government grants.