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    Accounting Study Set 2
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    Exam 15: Non-Current Assets: Revaluation, Disposal and Other Aspects
  5. Question
    Under IAS 41/AASB 141,biological Assets Are Recorded in the Accounting
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Under IAS 41/AASB 141,biological Assets Are Recorded in the Accounting

Question 14

Question 14

Multiple Choice

Under IAS 41/AASB 141,biological assets are recorded in the accounting records based on their:


A) net fair value.
B) market value.
C) historical cost.
D) replacement value.

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