In: Accounting
a. Staff training is an asset. Because staff training is the process of training the current staff of the organisation for enhancing the performance of the staff as well as the productivity of the organisation. This is also very important as it can help in the professional development or career advancement of the employee. one important aspect of the business is training the staffs as they are one of the valuable assets. It is mandatory to train the staffs with the skill and knowledge required to meet the business objectives. It is an intangible asset.
b. Delivery fee is an expense, because it is part of operating expenses in the income statement. If the company classifies expenses into General and Administrative expenses and Selling and Distribution expenses, Delivery expense is part of Selling and Distribution expenses. Delivery expenses pertain to costs incurred by the business in getting its products to thr hands of the customers (outward delivery).
c. Vehicle hire is an asset. Hire purchase is a type of asset finance that allows firms or individuals to possess and control an asset during an agreed term, while paying rent or instalments covering depreciation of the asset,and interest to cover capital cost. Hire purchase is a financing solution suitable for businesses wishing to purchase assets without paying the full value immediately. The customer pays an initial deposit, with the remainder of the balance and interest paid over a period of time. On completion ,ownership of the asset transfer to the customer.