In May 2023, Webb Ltd hired an employee from overseas who would commence the employment in August 2023. The employment contact specified that Webb Ltd should pay the relocation costs (including temporary accommodation costs for two months) of the employee. As at 30 June 2023, the end of Webb Ltd’s reporting period, the costs were estimated to be \($25\) 000. The breakdown of the estimation is as follows. 

Required 

How should Webb Ltd record or disclose the relocation cost of the employee in its financial statements as at 30 June 2023, in accordance with AASB 137/IAS 37. Justify your answer.

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Airfare Temporary accommodation costs Costs for shipping goods (removalist) Legal fee 7 000 10 000 5 000 3.000