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Question - On 1 July 20X1, White Ltd announced a grant of 271 share options to each of its 50 employees. The grant is conditional on the employees continuing to work for White Ltd for the next 3 years. The fair value of each share option is estimated to be $14.
During the year ended 30 June 20X2, 3 employees left. It was estimated that a further 4 employees would leave the company during the years ended 30 June 20X3 and 30 June 20X4.
During the year ended 30 June 20X3, 1 employees left. It was estimated that a further 2 employees would leave the company between 1 July 20X3 and 30 June 20X4.
Required - Write the amount of total Cumulative Remuneration Expense for services rendered as consideration for the share options granted that would be recognised by White Ltd at 30 June 20X3 in accordance with the requirements of AASB 2: Share Based Payments. Do not write any dollar signs or spaces in your answer.
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