alleryStart learning →Spending on training activities is, as a rule, treated as:
APart of goodwill
BCost of fixed assets
CA deferred asset
DAn expense when incurred
Answer & Solution
Correct answer: D. An expense when incurred
An enterprise lacks sufficient control over trained staff, so training outlays are charged to expense.
Keep practising AS 26 Intangible Assets
Browse all AS 26 Intangible Assets questions for CA Inter, or explore more Accounting topics.
Related questions
The cost of reorganising part of an enterprise is:Amortising an intangible over 25 years requires disclosing:Excess of enterprise market value over identifiable net assets is:Which of these is a common example of an intangible asset?Impairment of an intangible is tested by applying which standard?An exclusive 30 year toll road right is expected to be used 30 years. Amortise over:Software of Rs 9 lakh, 3 year life, straight-line, nil residual. Value after 2 years?A patent costing Rs 12 lakh has an 8 year life and no third-party buy-back commitment. Ann