Bearer Plants

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November 26, 2020 at 1:07 pm #596535
vinogradovaa
Participant
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I have just done your practise questions on IAS 41.
Is it not that grape vines are bearer plants and accounted for under IAS 16?
Is it not that grapes at the point of harvest is accounted for under IAS 41 ?
According to the standard text grape vines are bearer plants.
Thanks.
Anna.
November 28, 2020 at 7:36 am #596797
P2-D2
Keymaster
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Yes, I think the standard has been updated since the materials were written. I’ll update it next month when I get the chance.
Thanks
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