Reasons for the AASB 6 to allow exploration and evaluation costs to be capitalised under certain circumstances includes which of the following?

Question

Quizplus · Accepted Answer

AASB 6 allows exploration and evaluation costs to be capitalized under certain circumstances, such as when the costs are expected to be recouped, when the rights to tenure of the area of interest are current, and when a reasonable assessment of the viability of the area of interest can be made. Therefore, all of the above choices are correct.

Reasons for the AASB 6 to Allow Exploration and Evaluation