申論題

2.  ABC Co. received a grant from the government of £200,000 to acquire £600,000 of delivery equipment on January 2, 20X1. The delivery equipment has a useful life of 4 years. ABC Co. uses the straight-line method of depreciation. The delivery equipment has a zero residual value.The government also agreed to provide an interest-free loan of £400,000, with the loan payable at the end of two years. ABC Co.’s incremental borrowing rate is .

(b) What is the   carry amount of the loan payable  ,   grant revenue related to the loan  , and   interest expense   at December 31, 20X1 or in 20X1.