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IAS 41 and Bearer Plants

This topic has 2 replies, 2 voices, and was last updated 1 year ago by Christie9693.

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June 4, 2021 at 6:52 am #623038
Christie9693
Participant
- Topics: 25
- Replies: 8
Hi!
1) Tea bushes
2) Vines
3) Fruit trees
I have a doubt whether these three items should be classified under IAS 41 Agriculture or classified as bearer plants and treated as PPE?
June 5, 2021 at 11:52 am #623269
P2-D2
Keymaster
- Topics: 4
- Replies: 6443
Hi,
Under the updated rules then they would fall under IAS 16 as they are bearer plants.
Thanks
June 5, 2021 at 1:07 pm #623280
Christie9693
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- Topics: 25
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Thanks.
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