How Does IFRS Require That Government Grants for Property, Plant

question 47

Multiple Choice

How does IFRS require that government grants for property, plant and equipment (PPE) be recorded?

• A)The government grant should be recorded using the income approach.
• B)The government grant should be recorded using the capital approach.
• C)The government grant should not be recorded using either the income or capital approach.
• D)IFRS do not provide any guidance for recording government grant.