Exercise 1

1. Biological A ### 1. Biological A2. Agricultural 3. Inventory 4. PPE

2. Agricultural 4,619,400.00 Sheep Felled Trees Cigarette - MaGuard Dogs
3. Inventory 8,475,200.00 Coconut TreesHarvested CanSausages Animals in Zoo
4. PPE ### Dairy Cattle Pig Carcass Cured Hams Dinosaur Statue
Trees in a PlanFruit Pickles Carpet
Grape Vines Harvested Ca Tea
Plants Picked Grape F Cotton
Carrots to be Wool Thread
Mango Tree wiPicked Fruit Low Fat Milk
Wine
Frozen Lechon

400,000.00 2,680,000.00 41,000.00 300,000.00

4,800,000.00 1,160,000.00 20,000.00 ###
4,000,000.00 230,000.00 36,000.00 1,000,000.00
### 120,000.00 260,000.00
1,500,000.00 40,000.00 38,200.00
1,400,000.00 180,000.00 1,360,000.00
200,000.00 160,000.00 80,000.00
1,400,000.00 49,400.00 520,000.00
500,000.00 6,000,000.00
1,500,000.00 120,000.00

### 4,619,400.00 8,475,200.00 ###

Exercise 2 2,000,000.00 2,000,000.00 Carry amount

1 350,000.00 400,000.00 growth
2 400,000.00 -50,000.00 harvest
3 2,350,000.00 200,000.00 new born
250,000.00 harvest unsold
 imals in Zoo
nosaur Statue
Guardog - Not accounted
1) Change in fair value due to growth and price
Decrease in fair value due to harvest
Newborn caf at year end at fair value
Total

2) Milk harvested during the year but not yet sold

3) Carrying amount of biological asset

Carrying amouunt January 1
Net gain on biological asset
Total
 Biological Asset
Sheep
Dairy Cattle
Trees in Plantation forest

Plants

Total

Agricultural Produce
Felled Trees
Harvested Cane
Pig Carcass
Harvested Cabbage
f Picked Grapes
Cotton
Wool
Carrots to be harvested next week
Picked fruit

Total
 400,000
(50,000)
200,000
550,000

250,000

2,000,000
550,000
2,550,000
ical Asset Inventory
400,000 Wine 6,000,000
4,000,000 Cigarette -Marlboro 41,000
12,000,000 Sausages 20,000
Cured Hames 36,000
1,400,000 Carpet 260,000
Fruit Pickles 120,000
17,800,000 Tea 38,200
Thread 80,000
Low Fat Milk 520,000
Frozen Lechon 120,000

Total 7,235,200

ural Produce PPE

2,680,000 Animals in zoo 24,000,000
1,160,000 Coconut trees 4,800,000
230,000 Tomato Vines with ripe fruit 500,000
40,000 Strawberry Plants 1,500,000
180,000 Dinasour Statue in zoo 1,000,000
1,360,000 Grape Vines 1,500,000
160,000 Mango Tree with Ripe Mango 1,400,000
200,000
49,400

6,059,400
Total 34,700,000
 Exercise 1
1. Biological Asset Amount 2. Agricultutral Produce Amount
Sheep 400,000
Felled Trees 2,680,000
Harvested cane 1,160,000
Coconut Trees 4,800,000
Dairy cattle 4,000,000

Pig carcass 230,000

Trees in plantation forest 12,000,000

Harvested cabbage 40,000

Picked grape fruit 180,000

Wool 160,000

Cotton 0
Plants

Carrots due

Picked fruit

strawberry plants

Execise 2
1
FV Change due to growth and price change 400,000
Decrease in fair value -50,000
New born calf at the end at FV 200,000
550,000
2
Agricultural produce gain 250,000

3
Carrying amount 2, 000,000
Net gain 550,000
2,250,000
 3. Inventory Amount 4. PPE

Cigerette - Marlboro 41,000

Sausages 20,000
Cured hams 36,000

Fruit pickels 120,000

Carpet 260,000
Grape vines

Tea 38,200

Thread

Low fat milk

Wine

Frozen Lechon
Mango tree not yet
Guard dogs
animals in zoo
dinosour statue in zoo
tomato vines
Amount

1,500,000
 Biological assets
Sheep 400,000
Coconut Trees 4,800,000
Dairy Cattle 4,000,000
Trees In Plantation Forest 12,000,000
Grape Vines 1,500,000
Plants 1,400,000
Carrots To be harvested next w 200,000
Mango Tree with ripe mango 1,400,000
Tomato Vines with Ripe Fruit 500,000
Strawberry Plants 1,500,000
27,700,000

1 Biological asset 3
2,000,000
400,000
-50,000
200,000
2,550,000
2 Net Gain
400,000
-50,000
200,000
550,000
Agricultural Produce Inventory PPE
Felled Trees 2,680,000 Sausages 20,000 Guard Dogs 300,000
Harvested Cane 1,160,000 Cured Hams 36,000 Animals In Zoo 24,000,000
Pig carcass 230,000 Fruit Pickles 120,000 Dinosaur Statue in Z 1,000,000
Harvested Cabbage 40,000 Cigarrette-Malbo 41,000
Picked Grape Fruit 180,000 Carpet 260,000
Wool 160,000 Tea 38,200
Cotton 1,360,000 Thread 80,000
Picked Fruit 49,000 Low Fat Milk 520,000
Wine 6,000,000
Frozen Lechon 120,000
5,859,000 7,235,200 25,300,000

Aggricultural Produce
250,000
 ITEMS Amount Biological Assets
Agricultural ProduceInventory
Sheep 400,000.00 400,000.00
Felled Trees 2,680,000.00 2,680,000.00
Harvested Cane 1,160,000.00 1,160,000.00
Coconut Trees 4,800,000.00 4,800,000.00
Dairy Cattle 4,000,000.00 4,000,000.00
Cigarette-Marlboro 41,000.00 41,000.00
Sausages 20,000.00 20,000.00
Cured Hams 36,000.00 36,000.00
Pig Carcass 230,000.00 230,000.00
Fruit Pickles 120,000.00 120,000.00
Trees in Plantation Forest 12,000,000.00 12,000,000.00
Harvested Cabbage 40,000.00 40,000.00
Carpet 260,000.00 260,000.00
Grape Vines 1,500,000.00 1,500,000.00
Picked Grapes Fruiits 180,000.00 180,000.00
Wool 160,000.00 160,000.00
Tea 38,200.00 38,200.00
Cotton 1,360,000.00 ###
Plants 1,400,000.00 1,400,000.00
Thread 80,000.00 80,000.00
Carrots to be harvested 200,000.00 200,000.00
Low Fat Milk 520,000.00 520,000.00
Wine 6,000,000.00 ###
Picked Fruit 49,400.00 49,400.00
Frozen Lechon 120,000.00 120,000.00
Mango Trees with Ripe Mango 1,400,000.00 1,400,000.00
Guard Dogs 300,000.00
Animals in Zoo 24,000,000.00
Dinasout Statue in Zoo 1,000,000.00
Tomato Vines with Ripe Fruit 500,000.00 500,000.00
Strawberry Plants 1,500,000.00 1,500,000.00

Total 66,094,600.00 27,700,000.00 4,499,400.00 ###

Year 1, Start
Milking Cow 2,000,000.00

Year 1, End
'January 1, XXXX Beg 2,000,000.00
Change in FV (Gain) 400,000.00
Change in FV (Loss) -50,000.00
New Born 200,000.00
Milk Harvest (Not Sold 250,000.00

1. Amount of net Gain in Biological Asset

Change in FV (Gain) Growth 400,000.00
Change in FV (Loss) Harvest -50,000.00
Gain in Biological Asset, CY 350,000.00

2. Amount of net Gain in Agricultural Produce

Milk Harvest (Not Sold) 250,000.00

3. Carrying Amount of Biological Asset

Change in FV (Gain) Growth 400,000.00

Change in FV (Loss) Harvest -50,000.00
Gain in Biological Asset, CY 350,000.00
Beg, Year 1 2,000,000.00
New Born 200,000.00
Carrying Amount BA, CY 2,550,000.00
 PPE
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
300,000.00 0.00
### 0.00
### 0.00
0.00
0.00
0.00
### 0.00
0.00
Biological Asset Agricultural Produce
Sheep 400,000 Felled Trees 2,680,000
Coconut Trees 4,800,000 Pig carcass 230,000
Dairy Cattles 4,000,000 Wool
Trees in Plant 12,000,000 Cotton 1,360,000
Plants 1,400,000 Picked Fruit 49,000
Carrots to be harvested Harvested Can 1,160,000
Strawberry Pla 1,500,000
Inventory PPE
Sausages 20,000 Animals in Zoo
Wine 36,000 Guard Dogs
Low Fat Milk Dinosaur Statue
Frozen Lechon
Cured Ham
Tea 38,200
Biological asset Exercise 1
Sheep 400,000
Coconut Trees 4,800,000
Trees in planta 12,000,000
Plants 1,400,000
Carrots to be 200,000
Guard dogs 300,000
Animals in Zoo 24,000,000
Tomato vines wi 500,000
Strawberry Pla 1,500,000
Dairy Cattle 4,000,000
Agricultural Produce
Harvested can 1,160,000
Pig Carcass 230,000

Cigarette Malb 41,000

Sausages 20,000
Cured hams 36,000
Fruit Pickles 120,000
Harvested Ca 40,000
Carpet 260,000
Pickled Grape 180,000
Wool 160,000
Tea 382,000
Cotton 1,360,000
Thread 80,000
Low fat milk 520,000
wine 6,000,000
Frozen Lechon 120,000

inventory Total
Dinosaur Statu 1,000,000 Biological Asse 49100000
Agricultural P 10709000
PPE inventory 1,000,000
Coconut Trees 4,800,000 PPE 20200000
Trees in planta 12,000,000
Plants 1,400,000
Tomato vines wi 500,000
Strawberry Pla 1,500,000
Exercise 2

1.
2 ₱₱2,400,000
450,000 2,000,000 + 400,000
200,000 + 250,000
3₱ 2,350,000 Solution 2,000,000+ 400,000 -50,000
Biological Assets
sheep
dairy cattle
trees in plantation forest
plants
grape vines
carrots to be harvested next week
mango tree with ripe mango
guard dogs
animals in zoo
tomato vines with ripe fruit
strawberry plants

Biological Assets
Agricultural Produce
Inventory
PPE

1. Net gain on biological asset

2. Gain on agricultural produce

3. Carrying amount of biological asset at ye

 Agricultural Produce Inventory
400000 felled trees 2680000 cigarette 41000
4000000 coconut trees 4800000 sausages 20000
12000000 pig carcass 230000 cured hams 36000
1400000 fruit pickles 120000 carpet 260000
1500000 harvested cabbage 40000 tea 38200
200000 picked grape fruit 180000 thread 80000
1400000 wool 160000 Low fat milk 520000
300000 cotton 1360000 wine 6000000
24000000 picked fruit 49400 frozen lechon 120000
500000
1500000

47200000
9619400
7115200
1000000

400000
-50000
200000
550000

250000

2000000
400000
-50000
 200000
2550000
PPE
dinosaur statue in z 1000000