A biological asset used in agricultural activity whose fair value is readily determinable without undue cost or effort is accounted for using:

Name: A biological asset used in agricultural activity whose fair value is readily determinable without undue cost or effort is accounted for using:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The fair value model is used for biological assets in agricultural activity when their fair value can be readily determined without undue cost or effort, as it provides more relevant and timely information.

A Biological Asset Used in Agricultural Activity Whose Fair Value