WebBEARER PLANTS IAS 41 Para 5 A bearer plant is a living plant that: (a) is used in the production or supply of agricultural produce; (b) is expected to bear produce for more than one period; and (c) has a remote likelihood of being sold as agricultural produce, except for incidental scrap sales. Include trees grown in plantations, such as grape vines, rubber … Webissued in May 2008, IAS 41 used the term ‘point-of-sale costs’. This term was not used elsewhere in IFRSs. The term ‘costs to sell’ is ... biological assets at a past date, the …
IAS 16 Property, Plant and Equipment - ifrs.org
WebIAS 41 applies to: Biological assets (living plants or animals – for example, trees in a plantation or orchard, cultivated plants, sheep, cattle) related to managed agricultural … WebNon-current Assets Held for Sale and Discontinued Operations. (b) biological assets related to agricultural activity other than bearer plants (see IAS 41 . Agriculture). This Standard applies to bearer plants but it does not apply to the produce on bearer plants. (c) the recognition and measurement of exploration and evaluation assets (see IFRS 6 binary search with comparator java
International Accounting Standard IAS 41
Web1.13 Is land related to agricultural activity a biological asset in terms of IAS 41? 4 1.14 In an integrated business, are all the activities treated as being in the scope of IAS 41? 5 2. … WebIAS 41 Agriculture This . communication contains a general overview of the topic and is current as of June 15, 2024. ... • Biological assets are often physically attached to land (for example, trees in a plantation forest). There may be no separate market for biological assets that are attached to the land, but an active market may exist for ... WebIAS 41. Agriculture *Note that this topic is not included in the Course Readings book Issued (Revised) 2001 (2003, 2014) 1 Objective of IAS 41 Prescribes the accounting treatment, financial statement presentation, and disclosures related to agricultural activity Agricultural activity is the management by an entity of the biological transformation of living animals … binary search with algorithm