WebSale Into agriculture produce Into additional biological asset Slide 4 Definitions Biological Asset: A living animal or plant Bearer Plant: A living plant that: is used in the production or supply of agricultural produce is expected to bear produce for more than one period has a remote likelihood of being sold as agricultural produce, except ... WebExamples of bearer biological assets are bushes cultivated for tea leaf, plants cultivated for cotton fibres, fruit trees cultivated for fruits such as olives,apples and oil palm fruit bunches and vines cultivated for grapes. Consumable biological assets are biological assets other than bearer biological assets. These

What Is the Meaning of Biological Assets? Bizfluent

Webbiological assets, e.g. pigs Other biological assets, e.g. sunflowers Bearer livestock, e.g. cows Produce-bearing biological assets, e.g. fruit trees Biological assets such as fruit trees may be classified as bearer plants if there is not more than a remote chance that it will be sold as agricultural produce, e.g. for lumber. Agricultural http://eifrs.ifrs.org/eifrs/comment_letters/26/26_2957_PranavHVariavaSecuritiesandExchangeBoardofIndiaSEBI_0_SecuritiesExchangeBoardofIndiaSEBI.pdf flyback power converter

4 fruit trees to picked fruit to processed fruit 2 - Course Hero

WebJan 19, 2024 · About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact … Webbearer plants are accounted for using IAS 16; other biological assets are measured at fair value less costs to sell; agricultural produce at the point of harvest is also measured at fair value less costs to sell; changes in the fair value of biological assets are included in … WebAs per IAS 41, biological assets are any living plant or animal owned by the business. These are typically measured at fair values less selling costs. Examples of biological … flyback panerai