Yes agreed , it depends how they allocate development costs for a decline and also if they consider those costs C1 or C2 costs , they may prefer to make the costs C1 so taxable on this years income so they can show a lower profit and commensurate lower taxation so they have that money that would have gone to tax instead available for liquidity , rather than amortise the cost over several years or even life of mine and pay higher tax now .
I am not an accountant but use to do similar in my business's to the above
Ann: Quarterly Activities Report, page-15
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