A company spends every year 2 crore for general skills enhancement of its employees and another 1

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A company spends every year 2 crore for general skills enhancement of its employees and another 1 crore for specific skill enhancement with reference to a particular machine, how these should be recognized?

(a) Both should be capitalized

(b) Only 2 crore is to be capitalized.

(c) Only 1 crore is to be capitalized.

(d) Both are to be expensed.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 16, 2023 11:18 PM

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A company spends every year 2 crore for general skills enhancement of its employees and another 1

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Financial Accounting

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