Zuma Ltd has received GBP500 000 from the UK Government. Which of the following statements are correct? Select one: a. If Zuma receives the grant to purchase new machinery, the grant is deferred and recognised in profit and loss over an appropriate period (such as the asset's useful life) b. All of the options. If material Zuma should provide additional information on the nature and amount of grants received from the UK government d. The grant was awarded for loyalty demonstrated by Zuma to the British Crown. If this is the case, because there are no terms and conditions attached to the grant, it can be recognised as income immediately. Oe. If Zuma receives the grant to purchase new machinery, the grant can be accounted for as a deduction against the asset's cost.