Q1. Use the following information to answer Qla and Q1b. On Jan 1, 2019 Silver Mine Inc, received a grant of $100,000 from the local government to acquire foundry equipment. The equipment cost $2,000,000. It had a life of 5 years and no residual value. Silver Mine uses straight-line depreciation. Qla. Assume Silver Mine reports the grant as deferred grant revenue. [V mark for each wholly correct answer). Rwy What is the one the delived grate con after tangan dengan leben completed on Dec 2017 A. What is located in related the found in atter alting und closing the bon completed the bee 1.200 What mount of grand rescue will Silver Mine recognise i 20219 A. Qib. Assume Silver Mine reports the grant as a reduction of the asset. [% mark for each wholly correct answer). What is the cayewe the found the artigodowe come Dec 31, 2017 What is depreciation expenses the foundry equipment in 2000 What amount of grand met wit Silver Mise recognise in 2017 How we will the income of the Mise be verile Sayear period, where the duction of the stad of deferred TURN OVER Q2. Bader Co. purchased a machine for $79,700 on Jan 1, 2019. It had an estimated life of 8 years and residual value of $9,700. Bader's financial year ends Dec 31. Use the