Facts
Intelligent Corp. received a grant of $150 million to install and run a windmill in an economically backward area. Intelligent Inc. has estimated that such a windmill would cost $250 million to construct. The secondary condition attached to the grant is that the entity should hire labor in the local market (i.e., from the economically backward area where the windmill is located) instead of employing workers from other parts of the country. It should maintain a ratio of 1:1 local workers to workers from outside in its labor force for the next 5 years. The windmill is to be depreciated using the straight line method over a period of 10 years.
Required
Advise Intelligent Corp. on the treatment of this grant in accordance with IAS 20.