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How much income from the government grant should recognized

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Question - On January 1, 2006 Sagada Company received a grant of P25 million from the American government in order to defray safety and environmental costs within the area where the entity is located. The safety and environmental costs are expected to be incurred over four years, respectively, P2 million, P4 million, P6 million and P8 million. How much income from the government grant should be recognized in 2006?

Reference no: EM132675604

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