It is simple for auditors to test the costs capitalized for discovery of natural resources because...
It is simple for auditors to test the costs capitalized for discovery of natural resources because only successful efforts may be recorded
True
False
Homework Answers
| FALSE, the costs capitalized for discovery of natural resources require all costs to be recorded for the discovery of such resources. |
| The costs for successful efforts as well as costs incurred prior for discovery of natural resources are capitalized to asset account. |
| False is correct option |
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It is simple for auditors to test the costs capitalized for
discovery of natural resources because...
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