Tessier receives 360,000 to compensate staff costs expected to total 1,200,000. It recognises 300,000 of these costs in year 1 and 450,000 in year 2. Case convention: the grant is matched in proportion to the compensated costs recognised. Calculate the grant matched to each year.
- Grant received
- 360,000
- Expected compensated staff costs
- 1,200,000
- Costs recognised in year 1
- 300,000
- Costs recognised in year 2
- 450,000