A 2-year old biological asset on January 1, 2020 P15,000 A 2.5-year old biological asset on June

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A 2-year old biological asset on January 1, 2020 P15,000

A 2.5-year old biological asset on June 30, 2020 18,000

A newly born biological asset on June 30, 2020 6,000

A 2-year old biological asset on December 31, 2020 16,500

A 2.5-year old biological asset on December 31, 2020 18,750

A newly born biological asset on December 31, 2020 7,500

A 3-year old biological asset on December 31, 2020 21,000

A 0.5-year-old biological asset on December 31, 2020 8,000

Compute for the change in fair value due to price change.

Compute for the change in fair value due to physical change.

Related Book For answer-question

Accounting Introduction To Financial Accounting

ISBN: 9781517089719

1st Edition

Authors: Henry Dauderis, David Annand

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Posted Date: Mar 31, 2023 07:23 AM

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A 2-year old biological asset on January 1, 2020 P15,000 A 2.5-year old biological asset on June

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To compute for the change in fair value due to price change we need to compare the fair value of the ... View the full answer

Accounting Introduction To Financial Accounting

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