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IAS 41 - Agriculture

Former userFormer user6y ago
In the example of Agriculture (Qn - Ted), why isnt the gain b/w 2 year old cows and 3 year old cows $550.25 x 1000?
stephenwidbergstephenwidbergTutor6y ago#1
I think it's because a 2 year old cow will be 3 years old at the end of the year!
stephenwidbergstephenwidbergTutor6y ago#2
Aha Somehow over the years an error has crept in, for which we apologise. I will correct it in the next edition. You are quite correct - the increase should be 150,100 not 170,100
stephenwidbergstephenwidbergTutor6y ago#3
My pleasure.
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