Question: Review the Conceptual Framework : *AASB Conceptual Framework Choose an appropriate approach to value mining properties and justify the approach that you have chosen to

Review the Conceptual Framework : *AASB Conceptual Framework

Choose an appropriate approach to value mining properties and justify the approach that you have chosen to value mining properties.

Out of which approach is suitable to value the mining properties (valuing non-current asset). Please justify the chosen approach.

1. Historical cost

2. Current value

* Fair value

*Value in use and fulfillment value

*Current cost

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