please answer all the questions immediately thankyou

2 Statement 1 - Any damage on a particular asset is considered external indicator of source of possible impairment. FALSE The cost of disposal in deriving the fair value less cost of disposal under PAS 36 excludes income taxes expense and interest cost Statement II - An impairment loss occurred when the recoverable amount is less than the carrying amount (1 Point) True: True True False False: False Faise, True 3 Statement I - Biological transformation is exhibited when a goat has been born in the farm Statement II - In the event that fair value of the previously recognized biological asset is measured at cost less accumulated depreciation and accumulated impairment loss becomes reliably and clearly measured the entity must still continue to measure the biological asset at net of accumulated depreciation and impairment loss (1 Point) True; True True: False False: False O False; True Statement 1 - Yarns are agricultural produce at the point of harvest from the biological asset sheep. Statement 11 - The number of years in which the bearer plant can yield agricultural produce is its useful life. * (1 Point) True: True O o O True: False o False; False C False: True O 5 Statement I - Materials to be consumed for production is qualified as inventory. Statement II - The account loss on inventory write-down is credited when the cost of the inventory is higher than its net realizable value. (1 Point) True; True True; False False: False False; True 6 Which of the following criteria must not be satisfied before a biological asset can be recognized? * (1 Point) An active market may not exist Future economic benefits will probably flow to the entity Fair value can be measured reliably The entity should legally own the living plant or animal