At the point of harvest an entity measures fruits (agricultural produc – McqOptions

MCQOPTIONS

1.	At the point of harvest an entity measures fruits (agricultural produce) that it picks from its orchards (biological assets):
A.	At fair value.
B.	At fair value less costs to sell.
C.	At cost.
D.	At the lower of cost and estimated selling price less costs to complete and sell.
Answer» C. At cost.

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