menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 1
  4. Exam
    Exam 21: Non-Current Assets: Revaluation,disposal and Other Aspects
  5. Question
    Under IAS 41/AASB 141 the Basis for Measuring Biological Assets
Solved

Under IAS 41/AASB 141 the Basis for Measuring Biological Assets

Question 35

Question 35

Multiple Choice

Under IAS 41/AASB 141 the basis for measuring biological assets is:


A) Historical cost
B) Fair value less estimated point-of-sale costs
C) Replacement value
D) Estimated market value less estimated point-of-sale costs

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q30: Accounting standard IAS 16/AASB 116:<br>A)Requires all assets

Q31: How many of these are requirements of

Q32: Which statement concerning patents is true?<br>A) A

Q33: The balance sheet of Marty Ltd

Q34: When an old asset is used as

Q36: On 1 June 2012 S Company acquired

Q37: The statement relating to the composite-rate depreciation

Q38: Recoverable amount is:<br>A)The higher of an asset's

Q39: The cost or revalued amount of a

Q40: Under IAS 38/AASB 138 the statement concerning

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines