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A herd of 5 four year old animals was held on 1 January 2007. On 1 July 2007 a.4/2 year old animal was purchased. The

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A herd of 5 four year old animals was held on 1 January 2007. On 1 July 2007 a.4/2 year old animal was purchased. The fair values less costs to sell were as follows: 4 year old animal at 1 January 2007 P200 41/2 year old animal at 1 July 2007 P212 5 year old animal at 31 December 2007 P230

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