Reasons for the AASB 6 to Allow Exploration and Evaluation

question 7

Multiple Choice

Reasons for the AASB 6 to allow exploration and evaluation costs to be capitalised under certain circumstances includes which of the following?

• A) when the costs are expected to be recouped
• B) when the rights to tenure of the area of interest are current
• C) when a reasonable assessment of the viability of the area of interest can be made
• D) all of the above

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Definitions:

Deindividuation

In groups or crowds, the loss of awareness of one’s own individuality.

Robbers Cave Experiment

A social psychology experiment that showed how group conflict can arise from competition over resources and how cooperative tasks can reduce intergroup hostility.

Us-Them Hostility

A form of social or group bias where an in-group harbors negative feelings and attitudes towards an out-group, often leading to conflict.

Interdependence

A mutual reliance between two or more groups, organisms, or objects, where each affects or depends on the others.