AMORTISAYION OF CAPITAL GRANT
This query is : Resolved
16 March 2011
PLZ EXPLAINING TREATMENT OF AMORTISATION OF CAPITAL GRANd??????????
16 March 2011
Mometary govt. grants may be treat as 'Deferred Income' and amortize in useful life of fixed assets in the ratio of depreciation.
17 March 2011
hi sir..can u tel me any examble abt trtment of amortisation of capital grant?
17 March 2011
if capital grant received = rs.200000/-
company decide - grant reconise as 'deffered income' .
if fixed assets life is 4 years and SLM method of depreciation may be uced.
capital grand should be reconise every year 200000/4 = rs.50000/- creatied to p&l a/c.
company decide - grant reconise as 'deffered income' .
if fixed assets life is 4 years and SLM method of depreciation may be uced.
capital grand should be reconise every year 200000/4 = rs.50000/- creatied to p&l a/c.
17 March 2011
Thanks a lot sir
17 March 2011
FOR GETTING MORE INFO:-
https://www.caclubindia.com/experts/amortization--487085.asp
https://www.caclubindia.com/experts/amortization--487085.asp
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