Government grants reducing cost

Learning objectives

• Identify the possible effect of a government grant on the carrying amount under the reference to IAS 20.L2, L3

Normative references

• IAS 16 §28The carrying amount of an item of property, plant and equipment may be reduced by government grants in accordance with IAS 20.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

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