How does accounting for bearer plants differ from that for other biological assets?

Question

Quizplus · Accepted Answer

Bearer plants are unique among biological assets because they are long-lived and produce crops or other products for a number of years. Therefore, companies must account for them as property, plant, and equipment (PPE), rather than as inventory, as they would for other biological assets. This means that companies have the option to use either the cost or revaluation model for these assets, unlike other biological assets, which must be regularly revalued.

How Does Accounting for Bearer Plants Differ from That for Other