Which of the following is true regarding government grant related to asset? * a. Depreciation is higher and net income lower if the grant is recorded as deferred revenue b. Depreciation is higher and net income lower if the grant is an adjustment to the asset c. Depreciation is higher if the grant is a deferred revenue and net income is not affected d. Depreciation is higher if the grant is adjustment of the asset
Which of the following is true regarding government grant related to asset? * a. Depreciation is higher and net income lower if the grant is recorded as deferred revenue b. Depreciation is higher and net income lower if the grant is an adjustment to the asset c. Depreciation is higher if the grant is a deferred revenue and net income is not affected d. Depreciation is higher if the grant is adjustment of the asset
Chapter13: Property Transactions: Determination Of Gain Or Loss, Basis Considerations, And Nonta Xable Exchanges
Section: Chapter Questions
Problem 4BCRQ
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Which of the following is true regarding government grant related to asset? *
a.
b. Depreciation is higher and net income lower if the grant is an adjustment to the asset
c. Depreciation is higher if the grant is a deferred revenue and net income is not affected
d. Depreciation is higher if the grant is adjustment of the asset
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