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What amount of income should company a recognized

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Question: On January 2, 2019, Company A received a grant of Php 60,000,000 to compensate it for costs it incurred in planting trees over a period of five years.

Company A will incur such cost in this manner:

Years Cost

2019 2,000,000

2020 4,000,000

2021 6,000,000

2022 8,000,000

2023 10,000,000

What amount of income should Company A recognized for the year 2021?

Reference no: EM132779824

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