Eraine Company began to have exploration for and evaluation of a gold mine in a new site. It incurred expenditures of $1 million on acquisition of rights to explore the gold mine, $1.5 million on exploratory drilling, $1 million on evaluation of the technical feasibility and commercial viability of the mine, $2 million in recruiting and training the labour involved in exploration and evaluation activities, and $1 million in recruiting and training the office employee. During the year, Eraine also purchased a new office around the new site at a consideration of $10 million which is held to be freehold. Eraine Company began to have exploration for and evaluation of a gold mine in a new site. It incurred expenditures of $1 million on acquisition of rights to explore the gold mine, $1.5 million on exploratory drilling, $1 million on evaluation of the technical feasibility and commercial viability of the mine, $2 million in recruiting and training the labour involved in exploration and evaluation activities, and $1 million in recruiting and training the office employee. During the year, Eraine also purchased a new office around the new site at a consideration of $10 million which is held to be freehold