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On 01/01/2020, the government provided 1.5 million cash to the company as a grant in order to reducing environmental pollution, and the company expected that
On 01/01/2020, the government provided 1.5 million cash to the company as a grant in order to reducing environmental pollution, and the company expected that the useful life for this grant is 5 years. The company paid the following costs during the 4 years.
1st year | 450,000 |
2ed year | 300,000 |
3ed year | 350,000 |
4th year | 500,000 |
Total | 1,600,000 |
Required: Accounting transaction entry related to grant revenue at the second year is.
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