1.On January 1, 20x1, the biological assets of SUAVE POLISHED Co. consist of ten 2 year old animals with fair value less cost to sell of 40,000 each for a total of 400,000.

Transactions during the year include the following:

One animal aged 2.5 years was purchased on July 1, 20X1 for 43,200.

One animal was born on July 1, 20X1.

No animals were sold or disposed of during the period.

Per-unit fair values less costs to sell are as follows:

Newborn animal at July 1, 20X1 28,000

2.5 year old animal at July 1, 20X1 43,200

Newborn animal at 31 December 20X1 28,800

0.5 year old animal at 31 December 20X1 32,000

2 year old animal at 31 December 20X1 42,000

2.5 year old animal at 31 December 20X1 44,400

3 year old animal at 31 December 20X1 48,000

1.On January 1, 20x1, the biological assets of SUAVE POLISHED Co. consist of ten 2 year old animals with fair value less cost to sell of 40,000 each for a total of 400,000.

Transactions during the year include the following:

One animal aged 2.5 years was purchased on July 1, 20X1 for 43,200.

One animal was born on July 1, 20X1.

No animals were sold or disposed of during the period.

Per-unit fair values less costs to sell are as follows:

Newborn animal at July 1, 20X1 28,000

2.5 year old animal at July 1, 20X1 43,200

Newborn animal at 31 December 20X1 28,800

0.5 year old animal at 31 December 20X1 32,000

2 year old animal at 31 December 20X1 42,000

2.5 year old animal at 31 December 20X1 44,400

3 year old animal at 31 December 20X1 48,000

How much is the total gain from the change in fair value less costs to sell during 20x1?

a. 116,800b. 156,800c. 113,600 d. 88,800

How much is the total gain from the change in fair value less costs to sell during 20x1?

a. 116,800b. 156,800c. 113,600 d. 88,800