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Determine the carrying value of biological assets as of dec

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Reference no: EM132737378

The following information pertains to Birdie Company's biological assets as at December 31, 2020:

Most recent market transaction price P5M

Income tax 50,000

Estimated broker's commission 40,000

Price of an asset in an active market P5.1M

Problem 1: Determine the carrying value of the biological assets as of December 31, 2020.

Reference no: EM132737378

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