Question
Raju Bhd purchased an equipment for RM200,000 on 1 January 2018. Its useful life is 10 years. On the same day, Raju Bhd received a
Raju Bhd purchased an equipment for RM200,000 on 1 January 2018. Its useful life is 10 years. On the same day, Raju Bhd received a government grant of RM20,000 to help finance the purchase of the equipment. This grant is classified as a grant related to asset. The grant can be recognised as part of the equity in the financial statement.
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