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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS 41
Biological assets are initially measured at fair value less estimated “point of sale” costs,
What are point of sale costs?
Point of sale costs could include (if applicable) costs such as delivery costs, item preparation costs, packaging costs, sales person’s commission ……. and other items like that.
You’ll have to use your imagination (again!)
Can i say tthere is no difference between ‘costs to sell’ and ‘point of sale costs’?
Yes, I think that’s fair