An entity deducts an equipment grant from the asset's carrying amount. How does the grant then affect profit or loss?Your answerAThrough a separate grant income line recognised each year.BThrough income recognised on the date the asset is acquired.CIt affects profit or loss when the asset is disposed of, through the calculation of the gain or loss on disposal.DThrough a reduced depreciation charge, calculated on the cost net of the grant.SubmitHint