An entity purchased a machine for £60,000 and received a grant of £20,000 towards its purchase at 1 Jan 2017. The machin

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answerhappygod
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An entity purchased a machine for £60,000 and received a grant of £20,000 towards its purchase at 1 Jan 2017. The machin

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An entity purchased a machine for £60,000 and received a grant
of £20,000 towards its purchase at 1 Jan 2017. The machine is
depreciated over four years on a straight line basis. Show relevant
accounting treatments for the grant.
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