12-02-2004, 10:01 PM
Not agreed wid sam........
Manchester United paid him (Rooney) five million at once they would not pay him anymore during the five years. They can not put that expense in any single year they have to expand five millions in five years. Football club (Man United) dont pay them (football players) salry they hire them for some period.
If you think FOOTBALL is asset than its wrong FOOTBALL is an expense caz you cant use football for long term.
anyway i am a student of ACCA part I & II and i know that still i havent got enough knowledge of accountancy. whatever i said above have been told by my teacher who is well qualified.
Regards
Sajjad Dar
Manchester United paid him (Rooney) five million at once they would not pay him anymore during the five years. They can not put that expense in any single year they have to expand five millions in five years. Football club (Man United) dont pay them (football players) salry they hire them for some period.
If you think FOOTBALL is asset than its wrong FOOTBALL is an expense caz you cant use football for long term.
anyway i am a student of ACCA part I & II and i know that still i havent got enough knowledge of accountancy. whatever i said above have been told by my teacher who is well qualified.
Regards
Sajjad Dar