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Week 10 - Question 5 (10 marks) Mining, explorations and other similar extractive businesses are naturally and fundamentally possessing risk, in addition to uncertain outcome

Week 10 - Question 5 (10 marks)

Mining, explorations and other similar extractive businesses are naturally and fundamentally possessing risk, in addition to uncertain outcome consequently all expenditures of such activities should be accounted for as expenses as and when incurred.

Required: Assess, evaluate and briefly discuss this statement.

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