Question: Question 4 (11 marks) Discuss and explain If an entity is considering revaluing its exploration and evaluation assets, would the revaluation increase the relevance of

Question 4 (11 marks) 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 explanation for capitalising the expenses at evaluation and exploration stage also restoration of a oil extraction project.

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