Under IAS 41/AASB 141,biological assets are recorded in the accounting records based on their:

Name: Under IAS 41/AASB 141,biological assets are recorded in the accounting records based on their:
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Biological assets are recorded at fair value less costs to sell, which reflects the price that would be received for the asset if it were to be sold in an arm’s length transaction between knowledgeable and willing parties. This is in accordance with IAS 41/AASB 141.

Under IAS 41/AASB 141,biological Assets Are Recorded in the Accounting