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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
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 a $15.00. Cost to sell are $0.75 per carcass.
Determine the carrying value and category of chicken carcass is a agriculture produce or biological asset.
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