Sheldon Exploration Corp. (SEC) is in the exploration and evaluation phases of mining for zinc in Manitoba. The company incurred the following costs in 2020: Prospecting costs $175,000 Mine closure costs 13,000 Trenching and sampling costs 108,000 Costs to transport zinc from the mine for processing 46,000 Exploratory drilling costs 60,000 Extraction costs 550,000 SEC reports under IFRS. What are SEC’s exploration and evaluation costs for the zinc mine in 2020?Question 15 options: a) $952,000 b) $343,000 c) $108,000 d) $168,000

Sheldon Exploration Corp. (SEC) is in the exploration and evaluation phases of mining for zinc in Manitoba. The company incurred the following costs in 2020: Prospecting costs $175,000 Mine closure...

Sheldon Exploration Corp. (SEC) is in the exploration and evaluation phases of mining for zinc in Manitoba. The company incurred the following costs in 2020:

Prospecting costs	$175,000
Mine closure costs	13,000
Trenching and sampling costs	108,000
Costs to transport zinc from the mine for processing	46,000
Exploratory drilling costs	60,000
Extraction costs	550,000

SEC reports under IFRS. What are SEC’s exploration and evaluation costs for the zinc mine in 2020?

Question 15 options:

$952,000

$343,000

$108,000

$168,000

Jun 09, 2022

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Sheldon Exploration Corp. (SEC) is in the exploration and evaluation phases of mining for zinc in Manitoba. The company incurred the following costs in 2020: Prospecting costs $175,000 Mine closure...

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