Any employee benefit that is incurred by the employer during the period and that contributes to the generation of items expected to provide future economic benefits for the employer may be capitalised as an asset.

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Quizplus · Accepted Answer

This statement is true. Examples of such employee benefits may include training costs, which could improve the skills of employees and ultimately contribute to increased productivity and profitability for the employer. However, it is important to note that not all employee benefits can be capitalised as assets and proper accounting guidelines must be followed.

Any Employee Benefit That Is Incurred by the Employer During