Which statement is NOT TRUE on the method to determine the fair value for biological assets. (2 Points)

a) If there is active market for biological assets its present location and condition, the quoted price is used to determine the fair value.

b) If there is no active market, entity can take the most recent market transaction price.

c)Entity may opt the market price for similar assets with adjustment to reflect differences if there is no active market.

d) None of the above/given statements.