Forester Co provided the following assets in a forest plantation and farm Freestanding trees 5,000,000 Land under trees 600,000 Roads in forest 300,000 Animals related to recreational activities 1,000,000 Bearer plants 1,500,000 Bearer animals 2,000,000 Agricultural produce on bearer plants 800,000 Agricultural produce harvested 1,200,000 Plants with dual use 1,400,000 What total amount should be reported as biological assets? What total amount should be included in PPE?
Forester Co provided the following assets in a forest plantation and farm Freestanding trees 5,000,000 Land under trees 600,000 Roads in forest 300,000 Animals related to recreational activities 1,000,000 Bearer plants 1,500,000 Bearer animals 2,000,000 Agricultural produce on bearer plants 800,000 Agricultural produce harvested 1,200,000 Plants with dual use 1,400,000 What total amount should be reported as biological assets? What total amount should be included in PPE?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Forester Co provided the following assets in a forest plantation and farm
| Freestanding trees | 5,000,000 |
| Land under trees | 600,000 |
| Roads in forest | 300,000 |
| Animals related to recreational activities | 1,000,000 |
| Bearer plants | 1,500,000 |
| Bearer animals | 2,000,000 |
| Agricultural produce on bearer plants | 800,000 |
| Agricultural produce harvested | 1,200,000 |
| Plants with dual use | 1,400,000 |
What total amount should be reported as biological assets?
What total amount should be included in PPE?
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