In december 2010 technology university received a 2, Ask an Expert

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In December 2010, Technology University received a $2 million grant from the National Hockey Association to develop an effective neck brace to prevent injuries in its non-goalie hockey players. The NHA grant was intended to cover $1.5 million of direct costs and $0.5 million in overhead costs. The grant stipulated that the NHA would be the sole beneficiary of the research. Technology carried out the research in 2011. As estimated, direct costs were $1.5 million.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9879278

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