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General Accounting Discussions: accounting treatment on government grant

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  1.  
    • CommentAuthoryongweili
    • CommentTimeSep 11th 2009
     
    please help me..i'm facing problem on government grant..
    the government release payment of RM1m for machinery (3 years useful life)...
    but i only incurred machinery cost of RM300,000 for the first year..
    then i incurred RM 200,000 for the second year..
    how should i recognize the income to income statement?
  2.  
    For that you have to consult with some government firms and also remind them for your fund!

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