A university spent $4 million on a swimming pool for its staff. The expenditure was made in an endeavour to improve their health and wellbeing. The staff will not be charged any money for using the pool and the expected operating costs of the pool are expected to be $450 000 per year, meaning that the pool will not be directly generating any positive financial returns. Explain whether the university should recognise the $4 million cost of the pool as an asset, or treat it all as an expense