FAR | BIOLOGICAL ASSETS 

Thank you so much sir! Sobrang tagal kong naghanap kung pano i-compute bio asset sa changes in FVLCS due to price and phys change! TY!!!!

Hi! Sir I'm not an agriculture nor accounting student , but a biological science teacher rather but interested in agriculture ,... Your explanation is very comprehensible and nice 💕

1) C - PAS 16 is applied to bearer plants 2) C - 4,800 - 3,000 = 1,800 x 100 = PHP 180,000 hehe thank you sir!

1. C because it qualifies as a bearer plant that should be treated like PPE under PAS 16 2. C. P4800 (FVLCS, end @ age, end) - P3000 (Initial FVLCS) = P1800 P1800 is the FVLCS change per unit so multiplying it to 100 deers equates to P180000.

C because its a bearer plant that is expected to produce for a long period of time. Meaning may useful life siya. Hence this is a PPE PAS 16.

thank you po sir

Sir, question po doon po sa test your knowledge, bakit po Price, beg. at Age beg. po ang kinuha hindi po ba ung Price End at Age. beg. kasi po Physical change siya? Thank you po! ☺️

1. C, Bearer Plants are applied to PAS 16: PPE 2. C, (P4800*100)-(P3000*100) = P180,000

1. C- bearer plant and is governed by PAS 16 2. C- 480K-300K= 180K

Hi sir, If I got the Cost of sale, for example like 5% commission for each sold and transportation costs to sale, should I minus both side initial value and Fair value? and I want to ask is depreciation applicable for biological assets?

Sir request po sa long term and NCA liabilities po medyo nahihirapan po kasi akong intindihin

I'm sorry I have a question. When an asset is classified as biological assets and inventory? When an asset is transferred from IAS 41 to IAS 2?

Sir tanong ko lang po, bakit po ang biological assets such as animals ay hindi included sa pas 16 like bearer plants?

14:38

1. C, since Bearer Plants are applied to PAS 16 2. C (400,000 - 300,000) = 180,000 since it emphasizes that the age is changing from 2 years old 3 years old haha.

Sir paano po nakuha na 12k yung halaga ng mga 3 year old?

1. C 2. C

Sir di nyo po ako student. Makikinood lang po ako.