https://www.taxtmi.com/acts?id=19796 Ind AS 106 governs recognition, measurement, classification, impairment assessment and disclosure for exploration and evaluation assets. Entities may capitalise specified exploration and evaluation expenditures and must measure those assets initially at cost, thereafter applying either the cost or revaluation model consistent with the asset's tangible or intangible nature. Development expenditures are excluded. Impairment indicators (such as expiry of rights, cessation of planned expenditure, unsuccessful exploration, or likely non recovery) trigger testing under Ind AS 36, and entities must disclose policies, amounts and cash flows and treat such assets as a separate asset class. en-us Wed, 03 Jun 2015 16:03:24 +0530 Tue, 12 Sep 2023 17:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19796 Ind AS 106 governs recognition, measurement, classification, impairment assessment and disclosure for exploration and evaluation assets. Entities may capitalise specified exploration and evaluation expenditures and must measure those assets initially at cost, thereafter applying either the cost or revaluation model consistent with the asset's tangible or intangible nature. Development expenditures are excluded. Impairment indicators (such as expiry of rights, cessation of planned expenditure, unsuccessful exploration, or likely non recovery) trigger testing under Ind AS 36, and entities must disclose policies, amounts and cash flows and treat such assets as a separate asset class. Act-Rules Companies Law Wed, 03 Jun 2015 16:03:24 +0530 https://www.taxtmi.com/acts?id=19796