Company W acquired a wastewater treatment plant for 30,000, depreciable over 10 years. The company also received a capital government grant. The government grant received within the framework of an environmental regulation covers one-third of the amount. The CEO considers the two accounting treatments for capital grants (i.e., netting off method and deferred income method). What would be the difference in the depreciation expense between those two methods at the end of year 1. Note: Company W uses a straight-line depreciation allocation. O a. £3,000 O b. £2,000 O C. £0 O d. £1,000

Company W acquired a wastewater treatment plant for 30,000, depreciable over 10 years. The company also received a capital government grant. The government grant received within the framework of an environmental regulation covers one-third of the amount. The CEO considers the two accounting treatments for capital grants (i.e., netting off method and deferred income method). What would be the difference in the depreciation expense between those two methods at the end of year 1. Note: Company W uses a straight-line depreciation allocation. O a. £3,000 O b. £2,000 O C. £0 O d. £1,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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