In early 2018, Charlie purchased 75 acres and planted grape vines on 50 acres. The cost of the vines was $3,500 per acre. In 2018, the labour and material costs to plant and cultivate the vines totalled $1,600 per acre. In 2019, cultivating costs for the labour and materials related to pruning and tying, together with other costs, totalled $1,100 per acre. 2020 was the first year that grapes were produced. It is expected that the vines will produce grapes for 20 years.

The following information was provided by Charlie for the year ending October 31, 2020:

In July, MGF purchased 100 chicks at a cost of $5.00 each. The chicks were fully grown and harvested at the end of October. At the point of harvest, the fair market value of each whole chicken carcass is $15.00. Costs to sell are $0.75 per carcass.

In September, MGF purchased eight goats to produce milk. The cost of the goats is dependant on their age. MGF purchased two-year-old goats at a cost of $150 each. At the end of October, the fair market value of these goats was equal to the purchase price. Costs to sell are $2 per goat.

In October, MGF purchased 120 chicks at a cost of $4.00 each. MGF plans to harvest them in December. As of October 31, the fair market value of the chicks was $8.00 each and selling costs were $0.60 per chick.

In October, MGF harvested 1,850 kilograms of grapes per acre. The picked grapes have a fair value of $1.38 per kilogram and will cost $0.25 per kilogram to deliver to customers. Cultivation and other costs incurred for 2020 totalled $ 1250 per acre.

FILL THE GIVEN EXCEL TABLE BELOW INFORMATION OPTIONS

	A	B	C	D
1	Asset	Agricultural asset category	Included in line item on statement of financial position	Carrying value as at October 31, 2020
2	Grape vines
3	Whole chicken carcasses
4	Goats
5	Chicks
6	Picked grapes
	Column B drop-down options
	Agricultural produce
	Biological asset that is a bearer plant
	Bearer biological asset that is not a plant
	Consumable biological asset
	Not an agricultural asset
	Column C drop-down options
	Biological asset
	Inventory
	Property, plant, and equipment