Sale of quarry

Sale of quarry

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Client is selling what is left of a quarry, pretty much exhausted. Costs of remediation will be substantial so value of the land being sold in its current state is nominal. Back in March 82, pre-extraction, the land is likely to have had significant value. So do we have a straightforward loss? Or do we have to take into account the fact that the 82 value would reflect the minerals then present in the site - possibly looking at two separate assets (the land itself and the minerals therein)?

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