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8 poin CLO4- According to IFRS 6 -exploration for and evaluation of mineral resources expenditures-Determine which of the following expenditures should be expensed or capitalized

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8 poin 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 Development costs- resulted in development successful wells Development costs-resulted in dry-holes Exploratory successful wells o o Exploratory dry-hole costs Geological and Geophysical Costs (G&G) Production costs O Acquisition costs related with dry-holes Acquisition costs related with successful wells O O

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