Consider the list of items in the previous problem (P9-29). In problem (P9-29). Required: Classify each item
Question:
In problem (P9-29).
Required:
Classify each item as a biological asset, agricultural produce, or neither.
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Related activity involves active management Yes/No) Item relates to activity up to and including point of harvest (Yes/No) IAS 41 applies (Yes/No) Item i. Tuna fish in the ocean ii. Farmed salmon i. Wheat iv. Potted tropical plants in nursery v. Cattle used in breeding
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