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Marko Corporation has several assets for classification as biological assets. After reviewing the data gathered shown in the image, how much should Marko report as
Marko Corporation has several assets for classification as biological assets. After reviewing the data gathered shown in the image, how much should Marko report as net gain from change in fair value of biological assets for the quarter? Cows and Sheep Cocoa Trees Cocoa pods kept in storage for the whole period P300,000 800,000 P400,000 900,000 P 200,000 Cost Carrying Value, April 1, 2020 Increase or (decrease) in value from price change Increase or (decrease) in value from physical change (40,000) (50,000) 20,000 100,000 180,000 50,000
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