Which of the Following E&E Costs Would Be Classified as Intangibles

question 20

Multiple Choice

Which of the following E&E costs would be classified as intangibles?
I. Drilling rights.
II. Exploration licenses.
III. Equipment inspection costs.
IV. Capitalised consumable costs.

• A) I, II and IV.
• B) I, II and III.
• C) I, III and IV.
• D) II, III and IV.

---

Definitions:

Automatic Response

An involuntary or reflex action that occurs in response to a stimulus without conscious thought.

Evaluative Reaction

Judgements or feelings about the value or worth of something, based on a rapid assessment.

Affects

The experience of feeling or emotion.

Emotions

Complex psychological states involving three components: a subjective experience, a physiological response, and a behavioral or expressive response.