8 CLO4- According to IFRS 6 -exploration for and evaluation of mineral resources expenditures-Determine which of the following expenditures should be expensed or capitalized assuming that Successful Efforts Method is applied (4 Marks - 0.5 for each point) Expensed Capitalized Exploratory dry-hole costs Development costs-resulted in dry-holes O Geological and Geophysical Costs (G&G) Exploratory successful wells Development costs- resulted in development successful wells Production costs Acquisition costs related with dry-holes Expensed Capitalized Exploratory dry-hole costs Development costs-resulted in dry-holes O Geological and Geophysical Costs (G&G) O O C Exploratory successful wells Development costs-resulted in development successful wells O Production costs Acquisition costs related with dry-holes Acquisition costs related with successful wells