An assistant accountant of Bentley Ltd has encountered the following matters during the preparation of the draft financial statements for the year ending 30 September 2022. He has given an explanation of his treatment of them: (i) Bentley Ltd spent $200,000 sending its staff on training courses during the year. This has already led to an improvement in the company's efficiency and resulted in cost savings. The organiser of the course has stated that the benefits from the training should last for a minimum of four years. The assistant has therefore treated the cost of the training as an intangible asset and charged six months' amortisation based on the average date during the year on which the training courses were completed. (ii) During the year the company started research work with a view to the eventual development of a new processor chip. By 30 September 2022 it had spent $1.6 million on this project. Bentley Ltd has a past history of being particularly successful in bringing similar projects to a profitable conclusion. As a consequence the assistant has treated the expenditure to date on this project as an asset in the statement of Financial position. Required For each of the above items comment on the assistant accountant treatment of them in the financial statements for the year ended 30 September 2022 and advise him how they should be treated under International Financial Reporting Standards.