How does wynyard ltd determine the fair value of the trees

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Problem 1: Wynyard Ltd owns a plantation forest. As at the end of the reporting period the fair value of the plantation forest including the land was $10.5 million. Wynyard Ltd needs to determine the fair value of the trees excluding the land to comply with AASB 141/IAS 41 at the end of its reporting period. How does Wynyard Ltd determine the fair value of the trees?

Reference no: EM132795453

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