CERTYNEX IFRS ACADEMY

An asset grant, deducted from the asset's carrying amount, becomes repayable. Among these four statements about its treatment, which one is wrong?

The asset's carrying amount is increased by the amount that has become repayable.

The prior-period accounts are restated to reflect depreciation on the revised carrying amount.

The repayment is accounted for as a change in accounting estimate.

An additional cumulative depreciation charge is recognised immediately in profit or loss.