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IAS 41 and Bearer Plants

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  • 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
    • Topics: 17
    • Replies: 7
    • ☆

    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: 6115
    • ☆☆☆☆☆

    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
    • Topics: 17
    • Replies: 7
    • ☆

    Thanks.

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