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How much is the change in fair value due to physical change

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Juliet COr. has a herd of 100 2-year old deers and 50 3-year old deers that are held throughout 2020. The relevant data of their fair values are as follows:

2-year old deer at Jan 1, 2020 P 3,000

3-year old deer at Jan 1, 2020 4,000

2-year old deer at Dec 31, 2020 3,300

3-year old deer at Dec 31, 2020 4,500

4-year old deer at Dec 31, 2020 5,800

Problem 1: How much is the change in fair value due to physical change?

Reference no: EM132905683

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