Z Ltd. has issued Sweat Equity Shares for a non-cash consideration. What are the possible accounting treatments in the books of Z Ltd. ?

As per regulation 9 of the SEBI (Issue of Sweat Equity) Regulations, 2002, where the sweat equity shares are issued for a non-cash consideration, such non-cash consideration shall be treated in the following manner in the books of account of the company: - where the non-cash consideration takes the form of a depreciable or amortizable asset, it shall be carried to the balance sheet of the company in accordance with the relevant accounting standards; or where the above clause is not applicable, it shall be treated as expense as provided in the relevant accounting standards.