Asset Management

Accounting treatment of grants income related to depreciable assets

  • 1.  Accounting treatment of grants income related to depreciable assets

    Posted 25 days ago

    According to AASB120, are we treating the grants related to depreciable assets are usually recognised in profit or loss over the periods and in the proportions in which depreciation expense on those assets is recognised?

    If not, when it comes to the cost of spending (depreciation) the ratepayer picks up the bill for the life of the asset.





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    Regards
    Vivek
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