Biological Assets – Forest planting expenditure All direct and related expenses incurred on the development of the Company’s Sustainable Forest Ecology and Management Project under the licensed agreement entered into with the State Government of Wonder...
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Tagged As: accounting for forest replanting expenditure, accounting policy of biological assets, forest replanting expenditure, sample accounting policy, Sample Disclosure in Financial Statements
Biological Assets All expenses incurred in land preparation, planting and development of crops up to maturity are capitalised as biological assets; all expenses subsequent to maturity are recognised directly in income statement. Biological assets are stated at...
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Tagged As: accounting policy of biological assets, example of accounting policy biological assets, revaluation of biological assets, sample accounting policy, Sample Disclosure in Financial Statements
