Biological Assets may be classified as Property, plant and equipment or as inventory.

Name: Biological Assets may be classified as Property, plant and equipment or as inventory.
Brand: Quizplus
Rating: 4.8 (61 reviews)

Question

Quizplus · Accepted Answer

Biological assets can be classified as property, plant, and equipment (PP&E) or as inventory depending on their nature and intended use. For example, a fruit orchard may be classified as PP&E, while crops harvested from the orchard would be classified as inventory.

Biological Assets May Be Classified as Property, Plant and Equipment