Professional Documents
Culture Documents
AFRICA COMPANY
d.) 6,000,000
a.) 5,300,000
b.) 5,400,000
c.) 5,400,000
d.) 5,100,000
SOLUTION
Llamas purchased
P5,000,000
350,000
100,000
(50,000)
Biological assets
5,400,000
TEMERITY COMPANY
Temerity Company has different kinds of farm
animals on January 1, 2015.
During the current year, several acquisitions
occurred related to these farm animals.
A detailed of these transactions is as follows:
Carrying amount on January 1:
15 Horses
10 Dairy Cattle
8 Carabaos
20 Hogs
(1
(2
(2.5
(3
year old)
years old)
years old)
years old)
1,000,000
400,000
200,000
500,000
(1
(6
year old)
months old)
150,000
100,000
1,000,000
400,000
200,000
500,000
2,100,000
150,000
100,000
2,350,000
(1
(2
(2.5
(3
(1
(6
year old)
years old)
years old)
years old)
year old)
months old)
1,200,000
520,000
250.000
550,000
170,000
110,000
(2
(3
(3.5
(4
(1.5
(1
years old)
years old)
years old)
years old)
years old)
year old)
1,350,000
580,000
290.000
600,000
200,000
140,000