Soorya Resources Incurred the Following Costs How Much Would Be Capitalized as "Intangible Assets" Under the |

question 16

Multiple Choice

Soorya Resources incurred the following costs: $$\begin{array} { | l | c | c | c | } \hline \text { Mine Site } & \begin{array} { c } \text { Costsincurred in } \\\text { exploration and } \\\text { evaluation }\end{array} & \begin{array} { c } \text { Costs incurred in } \\\text { development }\end{array} & \text { Status at year-end } \\\hline \text { Alpha } & 300,000 & 100,000 & \begin{array} { c } \text { Producing } @ 5 \% \text { of } \\\text { reserves }\end{array} \\\hline \text { Beta } & 200,000 & & \text { Abandoned } \\\hline \text { Zeta } & 100,000 & 200,000 & \text { In development } \\\hline\end{array}$$ How much would be capitalized as "intangible assets" under the full cost method?

• A)$300,000
• B)$400,000
• C)$500,000
• D)$600,000

---

Definitions:

Undemanding

Referring to something or someone that does not require much effort, attention, or resources.

Electronic Media

Platforms or channels of communication based on electronic technology, including television, radio, and the internet.

Few Benefits

Limited advantages or positive aspects of a situation, often contrasting with expectations or needs.

Single-mother Families

Households led by a woman raising her children without the presence or involvement of the father or another partner.