Question: Perez Corp a mining company owns a significant mineral deposit

Perez Corp., a mining company, owns a significant mineral deposit in a northern territory. Included in the asset is a road system that was constructed to give company personnel access to the mineral deposit for maintenance and mining activity. The road system cannot be sold separately. Perez prepares financial statements in accordance with IFRS.
Instructions
How should the road system's recoverable amount be determined?

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  • CreatedSeptember 18, 2015
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