CHAPTER 6 ACCRUALS AND DISCLOSURES — REQUIREMENTS AND OPPORTUNITIES

JurisdictionUnited States
Idle Mining Properties
(Sep 1998)

CHAPTER 6
ACCRUALS AND DISCLOSURES — REQUIREMENTS AND OPPORTUNITIES

Kevin Connolly
PricewaterhouseCoopers LLP
Denver, Colorado

IDLE MINES: ACCOUNTING AND DISCLOSURE CONSIDERATIONS

Kevin Connolly

PricewaterhouseCoopers LLP

KEY ISSUES

• Temporary or permanent

• Impairment

• Provision for idling period

• Depreciation

• Disclosures

TEMPORARY OR PERMANENT

• Conditions necessary to reopen

• How long?

• Establish mileposts in advance

IMPAIRMENT TESTING

What?

— Inability to fully recover the carrying amount of an asset

When?

—...

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