alleryStart learning →How may a nominal-cost government grant intangible be measured?
AAlways at fair value
BFair value or nominal sum
CAlways at zero value
DAlways at tax value
Answer & Solution
Correct answer: B. Fair value or nominal sum
An entity may recognise both the grant and the asset initially at fair value or at a nominal amount plus attributable expenditure.
Keep practising Ind AS 36 Impairment of Assets and Ind AS 38 Intangible Assets
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