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What is the change in fair value less

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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

Required - 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: EM132750114

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