chapter 29 agriculture

I can see nothing about agriculture on page 43, nor 143 nor even 243! Here's what I found on page 202 in the section on answers to chapter questions: "W2 Cows Under the ‘fair value model’ laid down in IAS 41 the mature cows would be recognised in the balance sheet at 30 September, 2013 at their fair value of 10,000 X $227.95 = $2,279,500 The difference between the fair value of the mature herd and its cost ($2,279,500 – $2,350,000 = a loss of $70,500) would be charged in the statement of profit or loss, as also will the maintenance costs of $1,175,000" Does that help?

Thanks alot sir Can u please also explain how to arrive at 290.75 change in fv of calves in the same question.. Why is that we consider onky 3 year old cows as matured and not 2 year olds ?

5,000 calves, 6 months old = 5,000 x $58.15 = $290,750 (This is clearly shown in the solution on page 202!) "Why is that we consider onky 3 year old cows as matured and not 2 year olds ?" - because the cows are 1 year older! The cows were 2 years old on 1 October, 2012 and we're looking to prepare the financial statements for the year ended 30 september, 2013 OK?