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AS-10 Fixed Assets

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(Querist)
10 August 2008 My Client purchased an asset on 01-04-2004. on 01-05-2007 company got asubsidy from govt relating to this asset.
How this subsidy amount treat in books?
Is it depreciation reworking from o1-04-2004 needed or not?
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CA Naveen Kumar Agrawal

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CA Naveen Kumar Agrawal (Expert)
14 August 2008 Please refer the Accounting Standard - 12 Accounting of govt. grant.
firstly try this urself. if not get a solution then i m always there to solve ur prob.
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