A private not-for-profit gives us a grant to finance 80% of all the furniture and equipment that we want to install in the office of an NGO we have created to tend to and support immigrants. When entering this grant in the books:

Select one:

a. None of the other options are correct

b. We have to post it as a capital grant and, consequently, include it in Equity.

c. We can post it as a capital grant so long as the subsidised assets depreciate over a period greater than 5 years.

d. We cannot consider it an official capital grant since it doesnt cover 100% of our investment in non-current assets.

URGENT PLEASE