Web(a) property, plant and equipment classified as held for sale in accordance with IFRS 5 . Non-current Assets Held for Sale and Discontinued Operations. (b) biological assets … WebHowever, biological assets (other than bearer plants) that are physically attached to land are measured as biological assets separate from the land. In some cases, the determination of the fair value less costs to sell of the biological asset can be based on the fair value of the combined asset (land, improvements and biological assets).

How to Measure Fair Value in Agriculture - CPDbox

http://eifrs.ifrs.org/eifrs/comment_letters/26/26_2957_PranavHVariavaSecuritiesandExchangeBoardofIndiaSEBI_0_SecuritiesExchangeBoardofIndiaSEBI.pdf WebA group of biological assets is an aggregation of similar living animals or plants. Harvest is the detachment of produce from a biological asset or the cessation of a biological asset’s life processes. 5A The following are not bearer plants: (a) plants cultivated to be harvested as agricultural produce (for example, trees grown for use as ... flash card citizenship question 2021

IAS 41 — Bearer plants

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 Web(a) property, plant and equipment classified as held for sale in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. (b) biological assets related to agricultural activity other than bearer plants (see IAS 41 Agriculture). This Standard applies to bearer plants but it does not apply to the produce on bearer plants. flash card citizenship question 2022