Meunier had received EUR 200,000 for a 5-year machine, presented as deferred income and released over 2 years. At the reporting date, the granting body demands repayment of 200,000; the deferred income not yet released is 120,000. The reversal is treated as a change in estimate. Record the entry.
- Amount that has become repayable
- 200,000
- Deferred income not yet released
- 120,000