Can I read Deemed Cost Analysis for Biological Assets on EtoBox?

Deemed Cost Analysis for Biological Assets by Kim Taehyung is a document available to read on EtoBox.

What is Deemed Cost Analysis for Biological Assets about?

This document discusses accounting for biological assets and agricultural produce. It provides guidance on applying IAS 41 for measuring biological assets at fair value less costs to sell at harvest, and IAS 2 for agricultural produce after harvest. Examples are given for recording gains or losses when biological assets are sold or valued at the lower of cost or net realizable value. Transportation costs are noted as not deductible from fair value for biological assets sold.

Author

Kim Taehyung

Language

EN