Rochat receives 180,000 to fund a training programme whose total expected costs are 600,000. During the year it recognises 250,000 of these costs. Case convention: the systematic basis adopted is the proportion of compensated costs recognised. Calculate the grant recognised in profit or loss for the year.
- Grant received
- 180,000
- Compensated costs recognised in the year
- 250,000
- Total expected compensated costs
- 600,000