a human assets are incapable of being valued discuss b football clubs have followed 1572814

(a) ‘Human assets are incapable of being valued.’ Discuss.

(b) Football clubs have followed various policies in the way in which they include players within their accounts. For example, some clubs capitalise players, as shown by a 1992 Touche Ross survey:⁴⁶

Discuss arguments for and against capitalising players as assets. Explain the effect on the profit and loss account if players are not capitalised.