IAS 41_audit question

A bearer plant is “a living plant that: ? is used in the production or supply of agricultural produce; ? is expected to bear produce for more than one period; and ? has a remote likelihood of being sold as agricultural produce, except for incidental scrap sales." (You should see the parallel with a non-current asset.) Bearer plants are "scoped out" of IAS 41 - IAS 16 applies. The definition captures plants that would intuitively be considered to be bearers, for instance, grape vines and fruit trees.

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