Forum
« back to latest questions

How to define biological assets?

Is tea or cured tobacco biological assets?

|
Daniel
 

1 Answer

Your Answer:

Your Name:

1

No. According to HKAS 41, a biological asset is a living animal or plant. Tea and cured tobacco are products that are the result of processing after harvest, and are not classified as biological assets.

|
Barry
CMS - web.calvin.hk