Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

que 1 – Comment on the following statement:

‘AASB 141 Agriculture applies to all biological assets.’

References to specific paragraphs in AASB 141 Agriculture are required in your answer. 

que 2 – Green Farm Ltd owns and operates a large almond grove where the trees were valued at $2.5 million being the fair value less costs to sell on 30 June 2016. During the year ended 30 June 2017, the following information is available:

 The almond grove produced almonds with an estimated fair value less costs to sell of $300 000.

 The cost of knocking the almonds, grading them and packaging them was $70 000.

 The almonds were sold for a total of $260 000 cash.

On 30 June 2017, the trees were valued at $2 550 000 being the fair value less costs to sell. 

Required:

a) Prepare the journal entries to record the following transactions according to AASB 141 Agriculture: 

i) harvesting of almonds

ii) sales of almonds

iii) changes in the fair value of the almond trees between 30 June 2016 and 2017

b) Determine the total profit that Green Farm Ltd made from the almond grove in the year ended 30 June 2017.

testimonials icon
Select one type of cryptography or encryption and explain it in detail. Include the benefits as well as the limitations of this type of encryption....
testimonials icon
Here is the book we used for the first question, let me know if you need any help. ...
testimonials icon
Post an explanation of the provider’s role and responsibility regarding confidentiality between the patient and the patient’s family...
testimonials icon
Art History - Assignment (Stained Glass) Assignment Topic: Discuss the role of s...
testimonials icon
The purpose of this assignment is to provide you with the opportunity to select a topic in the particular area in which you have an occupational or...
testimonials icon
In 2015, Juanita received a salary of $62,000 and earned commission income of $9,000. Of the $9,000 earned...
testimonials icon
(Problem statement) the selected one will be uploaded as word file named GUN CONTROLNarrow down the problem that you have chosen to...
testimonials icon
Assignment 2: Complementary PartnersDue Week 6 and worth 200 pointsImagine you are working with a partner to plan and...
testimonials icon
Write a 2 page fictional story about a world in which equality exists. It can be Utopian or Dystopian....
testimonials icon
In this Assignment, you will prepare an instructional report.Janet and Johnny Jones own the Little Country Store just outside of to...
testimonials icon
Question Description Summarize the...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65