Grant for non depreciable asset

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Querist : Anonymous (Querist)

05 March 2012 What is the accounting treatment for grant of non depreciable asset as per AS-12.Please journalise

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05 March 2012 The amount of grant is to be deducted from cost of asset. In case the grant amount is for full value of asset then asset disclosed in balance sheet at nominal value i.e.Rs. 1/10/100.

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Grant for non depreciable asset

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