2016 2017 2018 2019

Immature
Unit price 200 220 240 260
Commission per unit 20 22 24 26
Transfer tax per unit 6 8 10 12
FVLCD 174 190 206 222

2016 2017 2018 2019

Mature
Unit price 250 270 290 310
Commission per unit 25 27 29 31
Transfer tax per unit 10 12 14 16
215 231 247 263

2016 2017 2018 2019

Immature
Beginning 100 150 175
Acquisition 100 100 120 140
New born 50 55 60
Transfer to mature (100) (150) (175)
100 150 175 200

FVLCTD 174 190 206 222

17,400 28,500 36,050 44,400

2016 2017 2018 2019

Mature
Beginning 100 140 190
Acquisition 100
Sales (60) (100) (140)
Transfer from immature 100 150 175
100 140 190 225

FVLCTD 215 231 247 263

21,500 32,340 46,930 59,175

Grand Total 38,900 60,840 82,980 103,575

 Reconciliation of carrying amount
2016 2017 2018 2019
Immature
Beginning 17,400 28,500 36,050
Acquisition 17,400 19,000 24,720 31,080
New born 9,500 11,330 13,320
Transfer to mature (19,000) (30,900) (38,850)
Change in FV due to Price 1,600 2,400 2,800
17,400 28,500 36,050 44,400

2016 2017 2018 2019

Mature
Beginning 21,500 32,340 46,930
Acquisition 21,500 - - -
Sales (13,860) (24,700) (36,820)
Transfer from immature 19,000 30,900 38,850
Change in FV due to Physical 4,100 6,150 7,175
Change in FV due to Price 1,600 2,240 3,040
21,500 32,340 46,930 59,175

Grand Total 38,900 60,840 82,980 103,575

FV of transferred mature 23,100 37,050 46,025

FV of transferred immature 19,000 30,900 38,850
Due to physical change 4,100 6,150 7,175

Journal Entries
2016
Biological Assets-Immature 17,400
Biological Assets-Mature 21,500
Loss on change in FV due to Price 6,100
Cash 45,000
#
2017 2018 2019

Biological Assets-Immature 19,000 24,720 31,080

Loss on change in FV due to Price 3,000 4,080 5,320
Cash 22,000 28,800 36,400
#

Biological Assets-Immature 9,500 11,330 13,320

Gain from Change in FV due to Physical 9,500 11,330 13,320
#
Cash 13,860 24,700 36,820
Commission 1,620 2,900 4,340
Transfer tax 720 1,400 2,240
Biological Assets-Mature 13,860 24,700 36,820
Gain on sale 2,340 4,300 6,580
#
Biological Assets-Mature 23,100 37,050 46,025
Biological Assets-Immature 19,000 30,900 38,850
Gain from Change in FV due to Physical 4,100 6,150 7,175
#

Biological Assets-Immature 1,600 2,400 2,800

Biological Assets-Mature 1,600 2,240 3,040
Gain from change in FV due to Price 3,200 4,640 5,840
#

Agricultural Produce 44,000 78,000 120,000

Gain from change in FV due to Physical 44,000 78,000 120,000
#

Cash 44,000 78,000 120,000

Commission 5,000 9,000 14,000
Transfer tax 1,000 3,000 6,000
Sales 50,000 90,000 140,000
#

Cost of sales 44,000 78,000 120,000

Agricultural produce 44,000 78,000 120,000
#

2017 2018 2019

Sales 50,000 90,000 140,000

Cost of Sales 44,000 78,000 120,000
Gross Profit 6,000 12,000 20,000
Aggregate gain from change in FV 57,800 96,040 141,015
Gain on sale of bio assets 2,340 4,300 6,580
Total 66,140 112,340 167,595
Expense 8,340 16,300 26,580

Net Income 57,800 96,040 141,015