Which of the Following Costs Is Not an Element of Cost

question 52

Multiple Choice

Which of the following costs is not an element of cost of exploration for and evaluation of mineral assets in AASB 6 Exploration for and Evaluation of Mineral Resources?

• A) costs of acquiring leases or other rights of tenure in the area of interest that are included in the cost of the exploration and evaluation asset if they are acquired as part of the exploration for and evaluation of mineral resources
• B) charges for depreciation of equipment used in exploration and evaluation activities
• C) general and administrative costs directly attributed to the operational activities in the area of interest to which the exploration and evaluation asset relates
• D) salaries and other expenses of general management allocated by head office to the area of interest

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Definitions:

Balancing Career

The process of managing professional responsibilities and goals while maintaining a healthy personal life.

Old Boys' Club

An informal system where the social connections among men, often from similar socio-economic and educational backgrounds, are used to gain professional advantages.

Informal Communication

The exchange of information and ideas in a casual, unstructured format, often within social networks or relationships rather than through official channels.

Paternity Leave

A period of absence from work granted to a father after or just before the birth of his child, allowing him to spend time with his newborn or newly adopted child.