Root Co is a broadband provider which receives government assistance to provide broadband to remote areas. Root Co invested in a new server at a cost of 900,000 on 1 October 2020. The server has an estimated useful life of ten years with a residual value equal to 10% of its cost. Root Co uses straight-line depreciation on a time apportioned basis. The company received a government grant of 35% of its cost price of the server at the time of purchase. The terms of the grant are that if the company retains the asset for four years or more, then no repayment liability will be incurred. Root Co has no intention of disposing of the server within the first four years. Root Co's accounting policy for capital-based government grants is to treat them as deferred income and release them to income over the life of the asset to which they relate. What amount will be presented under non-current liabilities at 31 March 2021 in respect of the grant? 204,000 315,000 299,250 267,750