40. Isuzu Company is engage in raising dairy livestock. Information regarding its activities relating to the dairy livestock is as follows:
40. Isuzu Company is engage in raising dairy livestock. Information regarding its activities relating to the dairy livestock is as follows:
CA on Jan. 1, 2020 5,000,000
Increase due to purchase 2,000,000
Gain arising from change in FV less
Cost to sell attributable to price change 400,000
Gain arising from change in FV less cost
To sell attributable to physical change 600,000
Decrease due to sales 850,000
Decrease due to harvest 200,000
What is the carrying amount of the biological asset on December 31, 2020?
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