Pasig Company provided the following assets in a forest plantation and farm: Freestanding trees P5,000,000.00 Land under Trees 600,000.00 Roads in forests 300,000.00 Animal related to recreational activities 1,000,000.00 Bearer Plants 1,500,000.00 Bearer Animals 2,000,000.00 What total amount of the assets should be classified as biological assets?

Pasig Company provided the following assets in a forest plantation and farm: Freestanding trees P5,000,000.00 Land under Trees 600,000.00 Roads in forests 300,000.00 Animal related to recreational activities 1,000,000.00 Bearer Plants 1,500,000.00 Bearer Animals 2,000,000.00 What total amount of the assets should be classified as biological assets?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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