A farm began the year with 30 2-year-old swine. On January 2nd, they purchased 5 1-year-old swine for P10,000 each and had 10 newborn swine. By the end of the year, they had sold 5 3-year-old swine. The fair value less cost to sell of the swine changed over the course of the year depending on their age.
A farm began the year with 30 2-year-old swine. On January 2nd, they purchased 5 1-year-old swine for P10,000 each and had 10 newborn swine. By the end of the year, they had sold 5 3-year-old swine. The fair value less cost to sell of the swine changed over the course of the year depending on their age.
A farm began the year with 30 2-year-old swine. On January 2nd, they purchased 5 1-year-old swine for P10,000 each and had 10 newborn swine. By the end of the year, they had sold 5 3-year-old swine. The fair value less cost to sell of the swine changed over the course of the year depending on their age.
A group of thirty 2-year old swine was held on January 1, 2021.
Five one year old swine were
purchased on January 2, 2021 for P10,000 each and ten were born also on January 2, 2021. Five 3-year old swine were sold at the end of the year 2021. The fair value less cost to sell of each were as follows: FV less cost to sell FV less cost to sell Age January 1,2021 December 31,2021
Newborn P4,000 P5,000
1 year old 6,000 6,500 2 years 8,500 11,600 3 years 11,200 16,500