Explain the Meaning of Biological Assets and Agricultural Produce

Essay

Explain the meaning of biological assets and agricultural produce. Classify each of the following items as: biological asset, agricultural produce, or neither.
$$\begin{array} { | c | l | c | c | c | } \hline& { \text { Item } } & \text { Biological asset } & \begin{array} { c } \text { Agricultural } \\\text { produce }\end{array} & \text { Neither } \\\hline\text { i. } & \text {Blueberries } & & & \\ \hline \text { ii. } & \text { Blueberry jam } & & & \\\hline \text { iii. } &\text { Trees in a virgin (unmanaged)forest } & & & \\\hline \text { iv. } &\text { Christmas trees on a tree farm } & & & \\\hline\text { v. } &\text { Peach trees } & & & \\\hline\end{array}$$