Part c The assistant accountant has encountered the following matters during the preparation of the draft financial statements of GHI Ltd for the year ended 31 March 2022. He has given an explanation of his treatment of them. 2 (i) The company spent $400,000 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 organizer 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' amortization based on the average date during the year on which the training courses were completed. (4 marks) (ii) During the year, the company paid $3 million to acquire customer information, as the executive director confident that such information will bring substantial new customers to company product and he instructed the assistant accountant to treat the money paid in acquiring such information as intangible asset. (3 marks) Required For each of the above items (i) to (ii), comment on the assistant accountant's treatment on each of them in the financial statements for the year ended 31 March 2022 and advise him how they should be treated under current Hong Kong Financial Reporting Standards. (Note: the marks allocation is shown against each of the two items above.)