chapter 6 - Agriculture And Inventories .pdf

Mainly focuses on fair value or market value Q ·. Bological as. from On the seed to pick up day of harvest : ② Agricultural produce Cotton ③ Product - Clothes - 1.. 2 Examples lAS4/ Biological asset (AS 4) Agricultural produce IAS2 Product Sheep Wool. Sweater 3 At year endi Revalue to fair value cos...

Mainly focuses on fair value or market value Q ·. Bological as. from On the seed to pick up day of harvest : ② Agricultural produce Cotton ③ Product - Clothes - 1.. 2 Examples lAS4/ Biological asset (AS 4) Agricultural produce IAS2 Product Sheep Wool. Sweater 3 At year endi Revalue to fair value cost to sell - If fu not available the measure Another definition A plant a being its e. g. mango tree. chance of sold during lifetime Look up examples of plants cost : which has remote at > - Mango is treated in IA S 41 until it is harvested. - depriciati I cost 2 3 cost Labour to convert + overhead only Can When item is from be each applied inventory different the other Use the actual of e. each from material into products. cost item. customized g item LIFO is not allowed in 1AS2 Calculation * won't be asked in SBR