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Banyak Sangat Ikan Berhad involved in fish farming and has 100 fish ponds. Several fish ponds will be harvested when the fish are matured, which
Banyak Sangat Ikan Berhad involved in fish farming and has 100 fish ponds. Several fish ponds will be harvested when the fish are matured, which is approximately every 10 weeks. It is estimated that each pond has around 500 fish and each fish is weighed just about 0.5 kilogram when they are harvested. The sales price is RM12 per kilogram. Required: If eight (8) fish ponds are ready to be harvested by the end of December 2020, determine the mature fish's fair value
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