CERTYNEX IFRS ACADEMY

Guérin acquired an asset for EUR 900,000, depreciated over 5 years (straight-line, no residual value), and deducted a grant of EUR 180,000 from its carrying amount. After 2 years, the grant becomes repayable in full. Which treatment is consistent with a change in estimate?

Recognise EUR 180,000 as an expense immediately, with the asset staying at its current carrying amount.

Raise the asset by EUR 180,000 and spread EUR 72,000 of additional depreciation over the three remaining years.

Raise the asset by EUR 180,000 and recognise EUR 72,000 of additional depreciation immediately.

Restate the two past years for EUR 72,000 and raise the asset by EUR 180,000.