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Aftech Ltd. is a firm that specializes in offering technical consulting services. Aftech reported operating income (EBIT) of $51.5 lakh and net income of $23

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Aftech Ltd. is a firm that specializes in offering technical consulting services. Aftech reported operating income (EBIT) of $51.5 lakh and net income of $23 lakh in the most recent year. In the most recent year, the firm had $14 lakh training and recruitment expenses. A consultant who joins Aftech stays with the firm on average, 4 years. Training and recruitment expenses are amortisable over 4 years, and over the past 4 years they are : Year Training and Recruitment Expenses (sin lakh) Current 14 1 12 2 10.40 3 9.10 4. 8.30 Assuming a linear amortisation schedule (over 4 years), you are required to estimate (i) the value of human capital asset, (ii) the adjustment to net income

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