https://www.taxtmi.com/acts?id=19825 The Standard requires recognition of biological assets and agricultural produce when control, probable economic benefits and reliable measurement exist, measuring biological assets on initial recognition and each reporting date at fair value less costs to sell and agricultural produce at that amount at harvest. Gains and losses from initial recognition and subsequent fair value changes are recognised in profit or loss. If fair value cannot be measured reliably on initial recognition for assets without quoted prices, measurement is at cost less depreciation and impairment until fair value becomes reliably measurable. en-us Thu, 04 Jun 2015 17:22:25 +0530 Fri, 08 Sep 2023 18:45:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19825 The Standard requires recognition of biological assets and agricultural produce when control, probable economic benefits and reliable measurement exist, measuring biological assets on initial recognition and each reporting date at fair value less costs to sell and agricultural produce at that amount at harvest. Gains and losses from initial recognition and subsequent fair value changes are recognised in profit or loss. If fair value cannot be measured reliably on initial recognition for assets without quoted prices, measurement is at cost less depreciation and impairment until fair value becomes reliably measurable. Act-Rules Companies Law Thu, 04 Jun 2015 17:22:25 +0530 https://www.taxtmi.com/acts?id=19825