IFRS requires the income approach to account for assets received through government grants.

Name: IFRS requires the income approach to account for assets received through government grants.
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According to IFRS, assets received through government grants should be accounted for using the income approach, which requires recognition of the grant as income over the period necessary to match it with the related costs it is intended to compensate.

IFRS Requires the Income Approach to Account for Assets Received