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Under the Australian Accounting Standard AASB 6 'Exploration for and Evaluation

Question 7

Multiple Choice

Under the Australian Accounting Standard AASB 6 'Exploration for and Evaluation of Mineral Resources',the area-of-interest method in accounting for pre-production costs of a mining operation is a special form of the:


A) expense-and-reinstatement method
B) successful-efforts method
C) expense (costs written-off) method
D) full-cost method

Correct Answer:

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