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QUESTION 5 4 MARKS IAS 41/ AASB 141 Agriculture requires to measure assets related to biological activity at fair value. The requirement to measure biological

QUESTION 5 4 MARKS

IAS 41/ AASB 141 Agriculture requires to measure assets related to biological activity at fair value. The requirement to measure biological assets at fair value poses some unique accounting problems. Identify and discuss two problems in relation to the measurement of biological assets using examples. (4 marks)

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