Roussel is awarded 80,000 to compensate subcontracting expenses expected to total 500,000. During the year it recognises 250,000 of these expenses. Case conventions: allocation in proportion to the expenses, and presentation of the grant as a deduction from the related expense. Calculate the grant matched to the year, then the net expense presented.
- Grant awarded
- 80,000
- Compensated expenses recognised in the year
- 250,000
- Total expected compensated expenses
- 500,000