Sir, will the unextracted coal and minerals in a mine be treated as a mining asset or inventory? and if inventory, will the impairment on it be done according to IAS 36 or not?
Ask the Tutor ACCA SBR
mining asset or inventory
4y ago#1IFRS 6 - not on list of examinable documents.
See this link if you are interested:
file:///C:/Users/44772/Downloads/ey-good-mining-2021.pdf
AND - VERY IMPORTANTLY - IMPAIRMENT IAS 36 IS NON-CURRENT ASSETS ONLY - NOW THAT IS IMPORTANT!!!!
Sign into reply to this topic.