AASB 6 only allows a choice between capitalisation or expensing of exploration and evaluation costs when the rights to tenure of the area of interest are current and these expenditures are expected to be recouped through successful development or sale.
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Q2: Australian companies who voluntarily adopt the Australian
Q3: AASB 6 provides guidance to cover costs
Q4: AASB 6 effectively permits entities to choose
Q5: AASB 6 stipulates that exploration and evaluation
Q6: AASB 6 Exploration for and Evaluation of
Q7: Exploration and evaluation assets are depreciated when
Q8: By allowing a choice about the treatment
Q9: The full-cost method is permitted in the
Q10: AASB 6 requires deferred evaluation and exploration
Q11: Costs carried forward for an abandoned area
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