The Successful-Efforts Method of Accounting for Exploration and Evaluation Costs

question 13

Multiple Choice

The successful-efforts method of accounting for exploration and evaluation costs in the extractive industries:

• A) requires all such costs to be recognised as expenses
• B) requires all such costs to be recognised as expenses until an area is abandoned or a commercial mineral deposit is found
• C) requires all such costs to be recognised as assets until an area is abandoned or a commercial mineral deposit is found
• D) none of the above

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