An assistant accountant of Bentley Ltd has encountered the following matters duringthe preparation of the draft financial statements for the year ending 30 September2022. He has given an explanation of his treatment of them:(i) Bentley Ltd spent $200,000 sending its staff on training courses during theyear. This has already led to an improvement in the company's efficiency andresulted in cost savings. The organiser of the course has stated that thebenefits from the training should last for a minimum of four years. The assistanthas therefore treated the cost of the training as an intangible asset andcharged six months' amortisation based on the average date during the year onwhich the training courses were completed.(ii) During the year the company started research work with a view to the eventualdevelopment of a new processor chip. By 30 September 2022 it had spent $1.6million on this project. Bentley Ltd has a past history of being particularlysuccessful in bringing similar projects to a profitable conclusion. As aconsequence the assistant has treated the expenditure to date on this projectas an asset in the statement of Financial position.RequiredFor each of the above items comment on the assistant accountant treatment ofthem in the financial statements for the year ended 30 September 2022 andadvise him how they should be treated under International Financial ReportingStandards