If an Area of Interest Is Abandoned,which of the Following

question 67

Multiple Choice

If an area of interest is abandoned,which of the following actions is consistent with AASB 6 Exploration for and Evaluation of Mineral Resources?

• A) Writing off the carrying amount of exploration and evaluation assets and recognising an impairment loss.
• B) Reclassifying the carrying amount of exploration and evaluation assets to another other area of interest.
• C) Re-instating previously written off exploration and evaluation assets.
• D) Expensing machinery that can be dismantled and used on another area of interest.

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Definitions:

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter with a specified level of confidence.

Regression Line

A line of best fit through a scatter plot of data points in statistical analysis, showing the relationship between two variables.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables.

Standard Error

A measure of the variation or dispersion of the sample means around the population mean in a sampling distribution.