Which Statement Relating to Mineral Resources Is Untrue

question 54

Multiple Choice

Which statement relating to mineral resources is untrue?

• A) Accounting for mineral resources is governed by IAS 16/AASB 116.
• B) The cost at which mineral resources are recorded may include amounts spent on exploration and development.
• C) As the mineral resource asset is used up its cost is proportionately transferred to an amortisation (depletion) expense account.
• D) The most common approach to the calculation of the depletion of mineral resources is the reducing-balance method.

---

Definitions:

Heart Dysrhythmias

Abnormal heart rhythms, which can range from benign to life-threatening irregularities in the heartbeat.

Ventricular Tachycardia

A heart condition characterized by a fast heart rate that originates from the ventricles.

Hypoxia

A condition in which the body or a region of the body is deprived of adequate oxygen supply at the tissue level, potentially leading to various health complications.

Cyanosis

A bluish or purplish discoloration of the skin and mucous membranes due to insufficient oxygen in the blood.