One way of recognizing a government grant is to deduct the grant from the carrying amount of the assets received from the grant.

Name: One way of recognizing a government grant is to deduct the grant from the carrying amount of the assets received from the grant.
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This is the correct method of recognizing a government grant as per the accounting standards. The grant is deducted from the carrying amount of the assets received, and any balance is recognized in the income statement.

One Way of Recognizing a Government Grant Is to Deduct