DDD Company is estimating the amount to which its biological assets with cost and market price of P830,000 and P940,000, respectively, will be reported in the Statement of Financial Position. You were given the following information:

Necessary costs of getting such biological assets to the market	35,000
Commissions to brokers	12,000
Levies by the local government relating to the sale	30,000
Transfer taxes	12,000

How much is the estimated cost to sell?

Answer rating: 100% (QA)

AnswerEstimated cost to sellCommissions to brokersLevies by the local government rela... View the full answer