Question: May I ask for a solution/explanation to the question for a better understanding. Thank you! Forester Company provided the following assets in a forest plantation
May I ask for a solution/explanation to the question for a better understanding. Thank you!
Forester Company provided the following assets in a forest plantation and farm: Freestanding trees - P5,000,000; Land under trees-P600,000; Roads in forest-P300,000; Animals related to recreational activities-P1,000,000; Bearer plants-P1,500,000; Bearer animals-P2,000,000; Agricultural produce growing on bearer plants - P800,000; Agricultural produce havested-P1,200,000' Plants with dual use P1,400,000. What total amount should be reported at biological assets?
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