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8 points CLO4- According to IFRS 6-exploration for and evaluation of mineral resources expenditures- Determine which of the following expenditures should be expensed or capitalized
8 points 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 Acquisition costs related with successful wells Development costs- resulted in dry-holes Exploratory successful wells Acquisition costs related with dry-holes O Development costs- resulted in development successful wells Production costs Exploratory dry-hole costs O Geological and Geophysical Costs (G&G)
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