GuestGrants for Assets
Source: Ind AS 20 (summary)
A grant related to an asset is presented in the balance sheet either as deferred income, recognised in profit or loss on a systematic basis over the useful life of the asset, or by deducting it from the carrying amount of the asset, in which case it is recognised through a reduced depreciation charge.
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About Accounting
Accounting principles in short, plain-language summaries: double entry, accrual, going concern and prudence, then Ind AS topics such as inventories, cash flows, events after the reporting period, income taxes, property, plant and equipment, employee benefits, government grants and foreign currency.