IAS 16 applies to the recognition and measurement of exploration and evaluation assets. True or false?

Question ajoutée par Toyin Adun-FCA-MBA-Finance-CMA , Finance Manager , Emirates Business Group
Date de publication: 2015/11/17

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par Umair Ali , Finance Officer , Bank Islami Pakistan Limited

False, IAS applies to the recognition and measurement of Property Plant & Equipment. The Recognition and measurement of exploration and evaluation asset is dealt under IFRS6.

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