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Ise the following information for the next three questions: ABC Co. has the following assets. Maize plants 40,000 Wool Processed fruit 6,000 20,000 Logs 60,000

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Ise the following information for the next three questions: ABC Co. has the following assets. Maize plants 40,000 Wool Processed fruit 6,000 20,000 Logs 60,000 Trees in a timber plantation 200,000 Grape vines 120,000 Cotton plants 20,000 Picked fruit 20,000 Harvested latex 30,000 Roasted peanuts 20,000 Chapter 20 How much is classified as biological assets that are accounted for under PAS 41 Agriculture? a. 156,000 c. 260,000 b. 206,000 d. 100,000 How much is classified as property, plant and equipment that are accounted for under PAS 16 Property, Plant and Equipment? 120.000 140 000

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