CTHRepealedLegislation
AASB 102 - Inventories - July 2004
Cost of Agricultural Produce Harvested fCost of Agricultural Produce Harvested from Biological Assets
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Cost of Agricultural Produce Harvested from Biological Assets
20 In accordance with AASB 141 Agriculture inventories comprising agricultural produce that an entity has harvested from its biological assets are measured on initial recognition at their fair value less costs to sell at the point of harvest. This is the cost of the inventories at that date for application of this Standard.