Roberts,Staunton and Hagen (1995)propose That Biological Assets Be Subject to a Classification

Roberts,Staunton and Hagen (1995) propose that biological assets be subject to a classification scheme that differs from other assets.This scheme would require:

A) biological assets to be grouped into one category and then subdivided into current and non-current groups.
B) the intent of management to be stated at acquisition date so that the assets can be properly classified.
C) these types of assets to be shown in a separate category of 'biological assets' and identified by subcategories.
D) notes to be included in the accounts clearly identifying why a biological asset had been classified.