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1. Maxpein Company has reclassified certain assets as biological assets. The total value of the forest assets is P6, 000,000 which comprises: Freestanding trees 5,100,000

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1. Maxpein Company has reclassified certain assets as biological assets. The total value of the forest assets is P6, 000,000 which comprises: Freestanding trees 5,100,000 Land under trees 600,000 Roads in forests 300,000 6,000,000 In the statement of financial portion, what total amount of the forest assets should be classified as biological assets

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