Examlex
Why might factory workers in small towns feel a different sense of the stakes elections hold than executives and professionals?
Development Phase
A stage in the business cycle or project where new products, ideas, or projects are being developed, prior to commercial production or sale.
Exploration and Evaluation
Activities related to the search for mineral resources, including minerals, oil, natural gas, and similar non-regenerative resources after the entity has obtained rights to explore in a specific area.
Extraction
The process of removing natural resources from the earth, such as mining for minerals or drilling for oil, which can have significant accounting and environmental implications.
Impairment Write-downs
Accounting adjustments made to write off the portion of an asset's carrying amount that exceeds its recoverable amount.
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