Subsequent to initial recognition E&E assets are required to be measured:
A) under the cost model
B) under the revaluation model
C) either under the cost model or revaluation model
D) at the lower of the cost and fair value

Question

Quizplus · Accepted Answer

Exploration and Evaluation (E&E) assets can be measured using either the cost model or the revaluation model subsequent to initial recognition, according to the flexibility provided by the IFRS 6 Exploration for and Evaluation of Mineral Resources.

Subsequent to Initial Recognition E&E Assets Are Required to Be