When Deciding to What Extent Costs Should Be Written Off

question 28

Multiple Choice

When deciding to what extent costs should be written off or carried forward AASB 6 requires that:

• A) All activities should be considered to best reflect the position of the firm.
• B) Each area of interest as delimited by the firm to be considered separately.
• C) Exploration and evaluation costs must be carried forward.
• D) Each area of interest as delimited by the firm to be considered separately and exploration and evaluation costs must be carried forward.
• E) None of the given answers.