ordan Competencies Co. Ltd works in HR development. On 1/1/2018, the company was granted JD16200 for IT equipment costing JD48000 bought in cash, and will be used in training project over 4 years. The grant is guaranteed by the Government, and it will be paid in full by the end of the 2nd year of the project. The company is fully complied with the grants conditions all over the project. Required: under deducting grant from carrying value of asset approach, 1). Present the related information in Jordan Competencies Co. Ltd balance sheet as on 31/12/2018 and 31/12/2019. 2). Journalize acquisition of the IT equipment, and depreciation for the first year