The contents of AASB 6 Exploration for and Evaluation of Mineral Resources are different from IFRS 6. In particular, AASB 6 is more restrictive in relation to how pre-production expenditure is to be accounted for.

Research on the above idea and explain: .

i. Why do you think that the IASB decided not to eliminate the use of the full-cost method?

ii. . Why do you think that the AASB decided to restrict the methods that could be used to account for pre-production costs within AASB 6?