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CA Suraj Lakhotia Admin
For e.g It applies to a Mango Tree but not to Mangoes. Mango tree is a bearer plant.
But it doesn't applicable for bearer plant right
CA Suraj Lakhotia Admin
For e.g It applies to a Mango Tree but not to Mangoes. Mango tree is a bearer plant.
It means the value of the mango tree will be shown as asset?
CA Suraj Lakhotia Admin
It applies to bearer plant. But doesnâ??t apply to produce (Fruit). You will understand more on this under Ind AS41 on agriculture in CA Final
Sir B/S -cows or any other cattles shown as asset
CA Suraj Lakhotia Admin
Yes!
Snehashis & Kamal, I have added Ind AS 41 to your profiles for reference. You can go through the first 20-25 mins in your free time. It will help you understand how such assets are recognized.
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