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Plant And Equipment
12 Months Ended
Dec. 31, 2020
Plant and Equipment  
Plant And Equipment

5. Plant and Equipment

December 31, 2020

December 31, 2019

Accumulated

Accumulated

    

Cost

    

Depreciation

    

Net

    

Cost

    

Depreciation

    

Net

  

Mt Todd, Australia

$

5,306

$

5,163

$

143

$

5,237

$

5,114

$

123

Corporate, United States

333

333

333

333

Used mill equipment, Canada

5,500

5,500

5,500

5,500

$

11,139

$

5,496

$

5,643

$

11,070

$

5,447

$

5,623

We continue to actively market the used mill equipment; however, the COVID-19 pandemic has created uncertainty around our ability to effectively market the equipment while travel restrictions and other related conditions exist. We do not classify the mill equipment as ‘held for sale’ as of December 31, 2020 or 2019 because we do not have reasonable assurance that the mill equipment will be sold within 12 months. We are not currently depreciating the used mill equipment as we continue to market it and it is not in use. During the years ended December 31, 2020 and 2019, the Company evaluated the value of the used mill equipment for recoverability. Based on an independent valuation by a qualified third party, no impairment charge was required.