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FAR NON-FINANCIAL ASSETS > BIO ASSETS > Flashcards

BIO ASSETS Flashcards

1
Q

Measurement of bio-assets: Initial and Subsequent

A

(1) FV-CTS

(2) If FV is not known, Cost less any accumulated depreciation and accumulated impairment losses

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2
Q

Fair Market Value is

A

a market-based measurement, not entity-specific = NRV

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FAR NON-FINANCIAL ASSETS (4 decks)

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