Write the total Cumulative Remuneration Expense

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Question - On 1 July 20X1, Red Ltd announced a grant of 228 share options to each of its 80 employees. The grant is conditional on the employees continuing to work for Red Ltd for the next 3 years. The fair value of each share option is estimated to be $23.

During the year ended 30 June 20X2, 3 employees left. It was estimated that a further 6 employees would leave the company during the years ended 30 June 20X3 and 30 June 20X4.

During the year ended 30 June 20X3, 2 employees left. It was estimated that a further 4 employees would leave the company between 1 July 20X3 and 30 June 20X4.

During the year ended 30 June 20X4, 4 employees left.

Required - Write in the box below the total Cumulative Remuneration Expense that would be recognised by White Ltd at 30 June 20X4 for services rendered as consideration for the share options granted, in accordance with the requirements of AASB 2: Share Based Payments. Do not write any dollar signs or spaces in your answer.

Reference no: EM132861816

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