Soorya Resources incurred the following costs:

How much would be capitalized as "intangible assets" under the successful efforts method?

Name: Soorya Resources incurred the following costs: How much would be capitalized as "intangible assets" under the successful efforts method?
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Question

Soorya Resources incurred the following costs:

How much would be capitalized as "intangible assets" under the successful efforts method?

Quizplus · Accepted Answer

B)300,000 + 100,000 = 400,000
Can capitalize exploration and evaluation costs only if the outcome is successful as evidenced by the project being in an active development phase or an extraction phase.

Soorya Resources Incurred the Following Costs