IAS 41 and Bearer Plants

This topic has 2 replies, 2 voices, and was last updated 5 years ago by Christie9693.

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June 4, 2021 at 6:52 am #623038
Christie9693
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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
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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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Thanks.
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