Accounted for as? A bearer plant under IAS 41 is accounted foras _? _a) Biological asset at fair valueb) Inventoryc) Property, plant and equipmentd) Investment property

Hello student! Under IAS 41: Agriculture, a bearer plant like an apple tree, mango tree, etc., is…

Answered: A bearer plant under IAS 41 is…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 1MC: Property, Plant, and Equipment is considered why type of asset? A. current assets B. contra assets...

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Similar questions

Which of the following is an intangible asset?a. Landb. Leasehold improvementsc. Equipmentd. Copyright
A right of use asset is reported as CHOICES Intangible asset Investment Property Noncurrent as separate line item Property, plant and equipment
Financial accounting Multiple choice question
Identify the following as intangible assets (IA), natural resources (NR), or some other asset (O). Leasehold
Property, Plant, and Equipment is considered why type of asset? A. current assets B. contra assets C. tangible assets D. intangible assets
Property plant and equipment are considered what type of asset?
With reference to IAS 16 (Property, Plant and Equipment), discuss the differences between “thecost model” and “the revaluation model” for the subsequent measurement of property, plant andequipment after its initial recognition.
Under IAS 16, which of the following is NOT included in the definition of property, plant, and equipment (PPE)? Select one: a. PPE can be tangible or intangible. b. PPE is held for use in the production of goods and services. c. PPE will be used over more than one accounting period. d. PPE is tangible.
Which of the following includes only intangible assets? Group of answer choices A)Natural resources, patents, and trademarks. B)Research and development costs, franchises, and trademarks. C)Copyrights, licenses, and land. D)Leaseholds, patents and copyrights.
Which of the following is a plant asset? A. Equipment B. Patents C. Trademark D. Accounts Receivable
Property, plant and equipment are: A. Current assets.B. Used in operations.C. Natural resources.D. Long-term investments.E. Intangible.
Accounting for plant assets involves cost determination, depreciation, additional expenditures, and disposals. Is plant asset accounting broadly similar or dissimilar between IFRS and U.S. GAAP? Identify one notable difference between IFRS and U.S. GAAP in accounting for plant assets.

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A bearer plant under IAS 41 is accounted for as _? _ a) Biological asset at fair value b) Inventory c) Property, plant and equipment d) Investment property