Jordan Hospital purchased an equipment for blood test at a value of 1,080,000 $. On 12/1/2020, the hospital obtained a government grant of 480,000 $ to help purchase the equipment and the estimated useful life of the equipment was five years, and it was depreciated using the straight-line method. The hospital followed the method of reducing the value of the government grant from the cost of purchasing the device. Answer question 15 and 16. 15-determine the book value of Equipment in 31/12/2019: 16. Assume that the cost method for recognizing the equipment cost and the government grant was used by the hospital, what is the amount of deferral revenue government grant in 12/1/2020: