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On 1 April 2008,Ulladulla Mining Ltd assessed that its Mollymook area of interest contained economically recoverable reserves of 50,000 ounces of gold.On the same day the entity installed the following assets: The above assets were ready for use on 1 July 2008.Ulladulla Mining Ltd expects to extract the entire reserves in 5 years.For the year ending 30 June 2009 the entity had extracted 5,000 ounces of gold.
What is the total depreciation/amortisation expense for the capitalised development costs for the year ending 30 June 2008?
Management Rights
The rights retained by employers, allowing them to operate and manage their business without interference from the workforce.
Co-ownership
The state or condition where two or more parties hold property jointly, sharing rights and responsibilities.
Instrumentality
A term referring to a means or agency through which a function of another entity is accomplished.
Business Transaction
An interaction between two or more parties that involves the exchange of goods, services, or information for the purpose of conducting business.
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