alleryStart learning →Cost Rs 12 lakh, grant Rs 3 lakh, 5 years SLM. Annual grant income (deferred)?
ARs 60,000
BRs 2,40,000
CRs 3,00,000
DRs 1,20,000
Answer & Solution
Correct answer: A. Rs 60,000
The 3,00,000 grant is spread over the 5-year life in line with straight-line depreciation, giving 60,000 a year.
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