Which costs are within the scope of AASB 6?
A) Development phase expenditure.
B) Exploration and evaluation phase expenditure.
C) Pre-exploration and evaluation phase expenditure.
D) Both exploration and development phase expenditure.

Question

Quizplus · Accepted Answer

AASB 6 specifically addresses the financial reporting of exploration and evaluation expenditures within the extractive industries. It does not cover development phase expenditure, pre-exploration, or a combination of exploration and development expenditures.

Which Costs Are Within the Scope of AASB 6