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What is the change in fair value

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Question: KATRINA Ltd has a vineyard and at the end of reporting period 30 June 2021 the following information is available:

Particulars Amount

Carrying amount of the vineyard, June 30,2020 ?7,500,000

Fair value of harvested grapes on June 29,2021 600,000

Estimated point of-sale costs of grapes 20,000

Estimated point - of - sale costs of vines as at June 30, 2021 50,000

Fair value of the vineyard before harvest of grapes on June 29, 2021 7,800,000

What is the change in fair value less estimated point-of-sale costs of the vines for the reporting period 30 June 2021 in accordance with IAS 41 Agriculture?

Reference no: EM132780011

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