[littlekatwal]

Dear Sir,

From the Audit point of view, it is risky area. For Example, if lamb is to keep in order to reproduction, it should be treated as bearer assets. If intention is to sale , then treat as Inventory.
Value of bearer assets will be changed due to biological change or change in the market price. it should be clearly disclosed.

I think, it is complex, subjectivity and thus risky. Am i right?

[Author]

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