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Use the following On January 1, 2022, the government gave Alahnof SR2,000,000 subsidy to purchase manufacturing equipment. The equipment has a cost of SR3,000,000,

Use the following On January 1, 2022, the government gave Alahnof SR2,000,000 subsidy to purchase manufacturing equipment. The equipment has a cost of SR3,000,000, a useful life of five years, using the straight-line basis. 17. If Alahnof chooses to account for the grant as deferred revenue, what is the grant revenue recognized in 2022?

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