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BIOLOGICAL ASSETS
9-3
(a) Price Change
2 year-old animals on Jan. 1 10 x (P10,500 – P10,000) P5,000
2.5 year-old animal on July 1 1 x (P11,100 – P10,800) 300
Animal born on July 1 1 x (P7,200 – P7,000) 200
Change in FV less POS Cost due to Price Change P5,500
Chapter 9 – Biological Assets
Physical Change
3 year-old animals on 12/31 10 x (P12,000 – P10,500) P15,000
3 year old animal on 12/31 1 x (P12,000 – P11,100) 900
Born on July 1 (upon birth) 7,000
On December 31 P8,000 – P7,200 800
Change in FV less POS Cost due to Physical Change P23,700
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