A grant of 150,000 finances the purchase of a packaging line by Mercier, which presents it as deferred income. The line has a useful life of 6 years, depreciated on a straight-line basis (case convention), and has been in use for 2 years. Calculate the annual release of the grant and the deferred income still to be released.
- Grant received for the packaging line
- 150,000
- Useful life of the line
- 6
- Years of use elapsed
- 2