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Tamaraw Company purchased cattle at an auction for P 300,000 on July 1, 2020. Cost of transporting the cattle back to the company's farm was P 3,000 and the company would have to incur cost similar transportation cost if it was to sell the cattle in the auction in addition to auctioneer's fee of 2% of sales price.
On December 31, 2020, after taking into account the location, the fair value of the biological assets had increased to P 500,000 (that is, the market price including the cost of transporting the asset).
Problem 1 : What amount should be the biological assets be initially recognized?
a. P291,000
b. P294,000
c. P297,000
d. P300,000
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Construct a spreadsheet to calculate the payback period, internal rate of return, modified internal rate of return, and net present value of the proposed mine.
we offer a focused menu of high-quality value priced pizza with three types of crust hand-tossed thin crust and deep
Lacks commercial substance. Montgomery's year ends on December 31, and depreciation has been recorded through December 31, 2010.
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