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The carrying amount of biological assets as of December 31 is? 2. The increase in FV - CTS of biological assets in the current period due to price changes is? 3. The increase in FV - CTS of biological assets in the current period due to physical changes is?

The carrying amount of biological assets as of December 31 is? 2. The increase in FV - CTS of biological assets in the current period due to price changes is? 3. The increase in FV - CTS of biological assets in the current period due to physical changes is?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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1. The carrying amount of biological assets as of December 31 is?

2. The increase in FV - CTS of biological assets in the current period due to price changes is?

3. The increase in FV - CTS of biological assets in the current period due to physical changes is?

A herd of 17 2-year-old animals was held at January 1 of the current period. On July 1, two animals aged 2.5 years was purchased for 10,800 and one animal was born. No animals were sold or disposed of Auring the period. Per-unit fair values less costs to sell (FV – CTS) were as follows: 2-year-old animal on January 1 Newborn animal at July 1 2.5-year-old animal on July 1 New born animal on December 31 0.5-year-old animal on December 31 2-year-old animal on December 31 2.5-year-old animal on December 31 3-year-old animal on December 31 10,000 7,000 10,800 7,200 8,000 10,500 11,100 12,000
Transcribed Image Text:A herd of 17 2-year-old animals was held at January 1 of the current period. On July 1, two animals aged 2.5 years was purchased for 10,800 and one animal was born. No animals were sold or disposed of Auring the period. Per-unit fair values less costs to sell (FV – CTS) were as follows: 2-year-old animal on January 1 Newborn animal at July 1 2.5-year-old animal on July 1 New born animal on December 31 0.5-year-old animal on December 31 2-year-old animal on December 31 2.5-year-old animal on December 31 3-year-old animal on December 31 10,000 7,000 10,800 7,200 8,000 10,500 11,100 12,000
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