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Query

Player15 · 2014-09-10 11:23:21

I have a query how should I account for a development grant received for a company website (intangible asset) in the year? Reduced the cost of the intangible asset or show as income on the p/l

10-09-2014 12:23PM

#1

Player15

Registered Users, Registered Users 2 Posts: 2 ✭

Join Date: May 2012

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I have a query how should I account for a development grant received for a company website (intangible asset) in the year? Reduced the cost of the intangible asset or show as income on the p/l

0

Comments

#2 10-09-2014 08:44PM

viztopia

Closed Accounts Posts: 770 ✭✭✭

Join Date: November 2007

Posts: 618

Generally it should be netted against the cost of the website in the balance sheet. Check the terms of the grant to see if there are any terns and conditions on the grant that May effect it's treatment.

Player15 wrote: »

I have a query how should I account for a development grant received for a company website (intangible asset) in the year? Reduced the cost of the intangible asset or show as income on the p/l

0