Fair Value Less Costs to Sell for Livestock
This lesson is part of the course
In this lesson
You value Kerrow Vale's cattle at 31 Dec: market price minus transport gives fair value, minus commission and levy gives fair value less costs to sell (FVLCTS).
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Lessons in this course
- Scope of IAS 41: Biological Asset, Bearer Plant or Produce? Locked
- Fair Value Less Costs to Sell for Livestock Locked
- Splitting the Fair Value Gain: Price Change vs Physical Change Locked
- Fair Value of Growing Timber by Present Value (No Market Price) Locked
- Agricultural Produce at Harvest: FVLCTS Becomes Inventory Cost Locked
- Bearer Plants under IAS 16: Cost Build-up & Depreciation Locked
- Government Grants for Biological Assets (IAS 41.34–38) Locked
- Reconciliation of the Carrying Amount (IAS 41.50) with a Waterfall Chart Locked