With regard to government grants and accounting for them which of the following statements is inaccurate?
(a) Assistance in cash or kind received from government or others is known as a government grant
(b) A government grant should preferably be accounted for on an accruals basis
(c) When a grant is not in cash the grant should always be accounted for at a nominal value
(d) The asset-related grant may be reported either on the deferral method or offset method