Agricultural activity — measurement  LO3, 4, 5 For each of the items listed, state whether they would be measured

(a) at fair value under AASB 141

(b) at the lower of cost and net realisable value under AASB 102/IAS 2 or

(c) at cost or fair value under AASB 116/IAS 16. 1. Living pigs 2. Living sheep 3. Pigs’ carcasses 4. Pork sausages 5. Trees growing in a plantation forest 6. Furniture 7. Olive trees 8. Olives 9. Olive oil 10. Vines growing in a vineyard