A biological asset used in agricultural activity whose fair value is r – McqOptions

MCQOPTIONS

1.	A biological asset used in agricultural activity whose fair value is readily determinable without undue cost or effort is accounted for using:
A.	The fair value model.
B.	The cost model or the fair value model (an accounting policy choice).
C.	The cost model.
D.	Any of the above
Answer» B. The cost model or the fair value model (an accounting policy choice).

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