Q2a – June 2016

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December 3, 2016 at 4:04 am #353298
furqan.90
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Hi,
In question Q2a – June 2016 a tax credit is being added to the value of the farmland(Non current asset),can you kindly explain why?
December 4, 2016 at 6:20 pm #353783
P2-D2
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Hi,

The tax credit brings in future economic benefits and so meets the definition of an asset and so is added the fair value.

Thanks
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