Which of the following is included in determining the fair value of a biological asset that does

Question:

Which of the following is included in determining the fair value of a biological asset that does not have an active market and which has a 5 year production cycle?
1. Revenue from sale in 5 years' time
2. Costs of growing for 5 years
3. Financing costs on borrowings taken out to fund the growing costs
4. Taxation on taxable income generated from sale in 5 years' time
5. that reflects expected variability in cash flows.
Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...