Costs of training staff in the use of a new asset are capitalised into the initial cost of the asset under AASB 116 Property, Plant and Equipment.

Name: Costs of training staff in the use of a new asset are capitalised into the initial cost of the asset under AASB 116 Property, Plant and Equipment.
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Quizplus · Accepted Answer

Costs of training staff in the use of a new asset are actually expensed as incurred according to AASB 116. They are not capitalized into the initial cost of the asset.

Costs of Training Staff in the Use of a New