Granted Asset: Some intangible assets may be acquired free of charge, or for
nominal consideration, by way of a government grant (e.g.
airport landing rights, licences to operate radio or television
stations, import quotas, rights to emit pollution).
Under IAS 20, both the intangible asset (debit entry) and the
grant (credit entry) may be recorded initially at either fair
value or cost (which may be zero).