lfm1001

Agricultural activity is the management by an entity Lolly Pop Charm the biological transformation of living animals or plants (biological assets) for sale into agricultural produce or into additional biological assets. Mobile Charm prescribes among other things the accounting treatment for biological assets during the period of growth degeneration production and procreation and for the initial measurement of agricultural produce at the point of harvest. Ballet Shoes Charm requires measurement at fair value less costs to sell from initial recognition of biological assets up to the point of harvest other than when fair value cannot be measured reliably on initial recognition. However, Cowboy Boot Charm does not deal with processing of agricultural produce after harvest; for example processing grapes into wine and wool into yarn. IAS 41 requires an entity to measure that biological asset at its cost less any accumulated depreciation and any accumulated impairment losses.