Som 22010.10 QUESTION (25 MARKS A comarc a 20% rant to acquire new from of machinery, which OF RM100.000 T r y 2014 The machine has an expected e of four years and antreal valu The expected pronts of the company. Before accounting for depreciador on the new machine mount RM50,000 per annuncach year of the machine's te Required: How should the grant be accounted for under me two methods slowed MERS 1207 f7 marks b) Prepare extracts of the statements francial position as at 31 December 2014 W 2018 showing the effects of your answers 110 manis Explain the application of RS 120 Accounting for Goverment Grants and Disclosure of Government Assistance mat only allow the income approach to account for the government granit by describing the rationale behind this approach versus capital approach (8 marks