AASB 6 Exploration for and Evaluation of Mineral Resources allows an entity to apply either the cost model or the revaluation model to the exploration and evaluation assets.

Question

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AASB 6 allows entities to apply either the cost model or the revaluation model to their exploration and evaluation assets, as long as they follow certain guidelines and disclose the accounting policies used.

AASB 6 Exploration for and Evaluation of Mineral Resources Allows