The following information relates to the financial statements of Fazal for the year to 31 March 2015. The IT division has begun a training course for all managers in a new programming language at a cost of $200,000. The consultants running the training course have quantified the present value of the training benefits over the next two years to be $400,000. The project cost has been included in the statement of financial position as a current asset. The accounting policy note identifies that the costs will be written off over the next two years to match the benefits.