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Calculate the adjusted income

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Question - The CFO of Barrows Japan believes that employee training should be treated as investment because it increases sales not only in the current year but also in two subsequent years (after three years the effect of employee training wears off and has no effect on future sales). The following information is available:

 

2017

2016

2015

Income (based on GAAP)

300,000

250,000

200,000

Employee training

21,953

26,187

10,614

Required - Calculate 2017 adjusted income after capitalizing employee training costs.

Reference no: EM133060839

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