ACCAF7阶段综合练习测试题分享

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  A manufacturing entity receives a grant of$1m to purchase a machine on 1 January 20X3.The grant will be repayable if the company sells the asset within 4 years,which it does not intend to do.The asset has a useful life of 5 years.

 

  What is the deferred income liability balance at 30 June 20X3?

 

  A.$900,000

 

  B.$800,000

 

  C.$875,000

 

  D.$750,000

 

  答案:A

 

  解析:The grant should be released over the useful life,not based on the possibility of the item being repaid.Therefore the$1m should be released over 5 years,being a release of$200,000 a year.At 30 June 20X1,6 months should be released,meaning$100,000 has been released.This leaves$900,000 in deferred income.If you selected B you have released a full year of the grant.If you selected C or D,you have released the grant over the potential repayment period rather than the useful life.

作者:admin,时间:2017-07-17 14:57点击拨打咨询热线:021-61729209
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