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Tiger Company received a government grant of P600,000 related to the depreciable asset acquired on January 1, 2016 for P6,600,000. This grant was deducted from
Tiger Company received a government grant of P600,000 related to the depreciable asset acquired on January 1, 2016 for P6,600,000. This grant was deducted from the cost of the asset with a useful life of 10 years and residual value of P500,000. On January 1, 2018, the grant became fully repayable due to non-compliance with conditions. What is the depreciation for 2018?
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