Question: For each of the items in exercise 17.2 state whether they would be measured (a) at fair value under IAS 41 or (b) at the

For each of the items in exercise 17.2 state whether they would be measured (a) at fair value under IAS 41 or (b) at the lower of cost and net realisable value under IAS 2:
1. Living pigs
2. Living sheep
3. Pigs' carcasses
4. Pork sausages
5. Trees growing in a plantation forest
6. Furniture
7. Olive trees
8. Olives
9. Olive oil
10. Vines growing in a vineyard.

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