Specialised activities 18 / 24

Specialised activities

Differences between Section 34 of FRS 102 and IAS 41 Agriculture are:

IAS 41 FRS 102 Section 34
IAS 41 requires that biological assets are measured at fair value less costs to sell. For each class of biological assets and its related agricultural produce an entity has the choice whether to apply a fair value model or a cost model.
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