ACCAF7阶段综合练习测试题分享
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.