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What are the factors that should be considered when estimating average restoration costs for leased or other assets?
What are the factors that should be considered when estimating average restoration costs for leased or other assets?
Historical and current experience for comparable assets with comparable levels of property, plant and equipment and restoration needs.
In the absence of historical or current experience, how should the best estimate of restoration costs be determined?
In the absence of historical or current experience, how should the best estimate of restoration costs be determined?
Based on quotations obtained from relevant suppliers or an equally rigorous internal costing process.
What are the two adjustments that must be made when using historical or current costs to determine the best estimate of restoration costs?
What are the two adjustments that must be made when using historical or current costs to determine the best estimate of restoration costs?
Known factors that will impact the future costs and expected future inflation.
What type of changes may need to be considered when adjusting historical or current costs for future restoration?
What type of changes may need to be considered when adjusting historical or current costs for future restoration?
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Why is it necessary to estimate the cost of inflation when using historical or current costs to determine the best estimate of restoration costs?
Why is it necessary to estimate the cost of inflation when using historical or current costs to determine the best estimate of restoration costs?
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What is the requirement for inflation assumptions when estimating restoration costs?
What is the requirement for inflation assumptions when estimating restoration costs?
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What should be maximised when estimating restoration costs?
What should be maximised when estimating restoration costs?
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What is the purpose of estimating restoration costs in the context of ARO provisioning?
What is the purpose of estimating restoration costs in the context of ARO provisioning?
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How should the estimated cost of inflation be reflected in the restoration cost estimate?
How should the estimated cost of inflation be reflected in the restoration cost estimate?
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What is the significance of using observable inputs when estimating restoration costs?
What is the significance of using observable inputs when estimating restoration costs?
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