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Provide journal entries on January

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Reference no: EM133043241

Question - You have a herd of 100 cows. Assume that on 1 January 2021, a calf is born. The estimated fair value less point-of-sale costs of a-day old calf is RM500. As at 31 December 2021, the calf is about a year old and has an estimated fair value less estimated point-of-sale costs of RM1,400.

-Provide journal entries on 1 January 2021.

-Provide journal entries on 31 December 2021.

Reference no: EM133043241

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