Biological assets are initially measured at fair value less estimated "point of sale" costs,
What are point of sale costs?
Ask the Tutor ACCA FR
IAS 41
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
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