Sintok Farming Bhd. is a company involved in a goat farming. Below are the related data for the company at the end of year 2018. Group attributes Fair value (RM) 2 years old (1 Jan.) 70 2 years old (31 Dis.) 100 3 years old (31 Dis.) 150 At the beginning of the year 2018, there are 60 of 2 years old goat. The only change during the year is the increase in the physical attributes due to ageing from 2 to 3 years. 

Determine the change in FV due to physical and price change that should be recognized as an income for the company in year 2018.

Answer rating: 100% (QA)

To determine the change in fair value FV due to physical and price change that should be recognized ... View the full answer