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How much of the items shall be treated as assets

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Reference no: EM133074917

Question - The following information pertains to Philippine Google Company, a business operating in a diverse agricultural activity

Heifers 300,000

Cows 250,000

Breeder Pigs 100,000

Dairy Cattle 275,000

Mango Trees 425,000

Apple Trees 585,000

Grapevines 318,000

Tobacco 180,000

Sugar Cane 224,000

Picked Grapes 118,000

Pickled Fruits 437,000

Fruit Cocktail 473,000

Skimmed Milk 282,000

Animals in Zoo 835,000

Apples to be harvested next week 215,000

Unprocessed Dairy Milk 305,000

Butter 185,000

Required -

How much of the items shall be treated as biological assets under PAS 41?

How much of the items shall be treated as assets under PAS 2?

Reference no: EM133074917

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