AASB 6 requires deferred evaluation and exploration costs to be assessed for impairment when there is reason to suspect that the carrying amount may exceed its recoverable amount.
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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
Q11: Costs carried forward for an abandoned area
Q12: Costs in the exploration phase are incurred
Q13: Positive accounting theory predicts that large sized
Q14: There are potentially five alternative methods to
Q15: AASB 6 deals with the financial recording
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