Question: Discuss and explain If an entity is considering revaluing its exploration and evaluation assets, would the revaluation increase the 'relevance' of the information from the

Discuss and explain If an entity is considering revaluing its exploration and evaluation assets, would the revaluation increase the 'relevance' of the information from the perspective of the readers of the financial statements? Further, provide an explanation for capitalizing the expenses at evaluation and exploration stage also restoration of an oil extraction project.

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