CLO4- Research costs can be capitalised: Never O When the development stage is complete O When the development stage has begun O Always CLO4- If an asset incorporates both intangible and tangible elements, it shall be treated under O IAS 38 Intangible Assets OIAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets IAS 16 Property, Plant and Equipment or IAS 38 Intangible Assets, depending which element is more significant O IAS 16 Property, Plant and Equipment CLO3-A forgivable loan from government is treated as a when there is reasonable assurance that the entity will meet the terms for forgiveness of the loan. government assistance grant related to asset government loan at a below-market rate of interest government grant None of the above CLO4-Which of the following is NOT included as part of the initial cost of exploration and evaluation assets? trenching O exploratory drilling miming acquisition rights O pre-exploration survey fees CLO4-Which of the following methods best reflects the traditional concept of an asset? O the successful efforts method the appropriation method the full cost method the area of interest method 11 CLO4-Which of the following items should be capitalized into the E&E asset as incurred: O Non-executive directors' fees paid during the exploration period Contractor fees for exploratory drilling Stationery and other office supplies used by the project manager hired specifically to manage E&E activities for the property Cash paid to acquire seismic study from government used to determine whether to apply for an exploration licence for that area