With respect to exploration and evaluation assets, until what point can a company capitalize costs?

Question

Quizplus · Accepted Answer

A company can capitalize costs related to exploration and evaluation assets until both technical feasibility and commercial viability have been established. This is in line with accounting standards that require costs to be expensed once these criteria are met, as they indicate the transition from exploration to development.

With Respect to Exploration and Evaluation Assets, Until What Point