Agricultural assets that are plants or trees are most appropriately measured for accounting purposes at:

Question

Quizplus · Accepted Answer

Agricultural assets that are plants or trees are most appropriately measured at net realisable value, which is the estimated selling price in the ordinary course of business, minus the estimated costs of completion and the estimated costs necessary to make the sale. This approach provides the most relevant and reliable measure of the asset's value, reflecting its current market conditions.

Agricultural Assets That Are Plants or Trees Are Most Appropriately