Fair value determination LO5, 6 Wynyard Ltd owns a plantation forest. As at the end of
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Fair value determination LO5, 6 Wynyard Ltd owns a plantation forest. As at the end of the reporting period the fair value of the plantation forest including the land was $2.5 million. Wynyard Ltd needs to determine the fair value of the trees excluding the land to comply with AASB 141/IAS 41 at the end of its reporting period. How does Wynyard Ltd determine the fair value of the trees?
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Related Book For
Financial Reporting
ISBN: 978-0730363361
2nd Edition
Authors: Janice Loftus ,Ken Leo ,Sorin Daniliuc ,Belinda Luke ,Hong Nee Ang ,Karyn Byrnes
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