The 201 I Tottenham Hotspur pic Annual Report stated Player costs and transactions (a) Initial capitalisation The
Question:
The 201 I Tottenham Hotspur pic Annual Report stated Player costs and transactions
(a) Initial capitalisation The costs associated with the acquisition of player and key football management staff registrations are capitalised as intangible fixed assets.
(b) Amortisation discounted These costs are fully amortised on a straight-line basis over their useful economic lives, in equal annual instalments over the period of the respective contracts. Where a contract life is renegotiated, the unamortised costs, together with the new costs relating to the contract extension, are amortised over the term of the new contract.
Discuss possible alternative methods of amortisation.
LO1.
Step by Step Answer:
Financial Accounting And Reporting
ISBN: 9780273778172
16th Edition
Authors: Mr Barry Elliott, Jamie Elliott