At December 31, Kagubatan Company provided you the following information regarding its assets in a forest plantation and farm: Land where trees were planted 12,000,000 Roads constructed one year ago in forest 6,000,000 Freestanding trees 100,000,000 Animals in a zoo 10,000,000 Animals in ocean park 8,000,000 Animals displayed in a restaurant as added attraction 2,000,000 Bearer plants 30,000,000 Animals used for breeding purposes 10,000,000 Animals that produced agricultural products 30,000,000 Fruits growing on bearer plants 16,000,000 Agricultural produce harvested 24,000,000 Plants with dual use 28,000,000 What total amount should be reporled as biological assets? What total amount should be included in property, plant and equipment?
At December 31, Kagubatan Company provided you the following information regarding its assets in a forest plantation and farm:
Land where trees were planted 12,000,000
Roads constructed one year ago in forest 6,000,000
Freestanding trees 100,000,000
Animals in a zoo 10,000,000
Animals in ocean park 8,000,000
Animals displayed in a restaurant as added attraction 2,000,000
Bearer plants 30,000,000
Animals used for breeding purposes 10,000,000
Animals that produced agricultural products 30,000,000
Fruits growing on bearer plants 16,000,000
Agricultural produce harvested 24,000,000
Plants with dual use 28,000,000
What total amount should be reporled as biological assets?
What total amount should be included in property, plant and equipment?
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