Amer Co prepares its financial statements to $31$ October each year. During the current year, Amer

Co secured and received a government grant of $$720$k to support the digital upskilling of its

workforce. $$120,000$ of the grant relates to investment in new IT equipment and the remainder is

to support training across a two year period from $1$ April $20$x$5$ to $31$ March $20$x$7.$ The grant was

received on $30$ June $20$x$5.$ Amer Co intends to fully comply with the grant conditions. It purchased

the new IT equipment on $1$ April $20$x$5$ as required and commenced training with immediate effect.

What amount should be included as non$-$current liabilities of Amer Co at $31$ Oct $20$X$5?$