![Amendments to PAS 16 and PAS 41 for bearer plants](https://i0.wp.com/philcpa.org/wp-content/uploads/2014/08/novedad_9481.jpg?resize=150%2C150&ssl=1)
Amendments to PAS 16 and PAS 41 for bearer plants
The requirement of the existing Philippine Accounting Standards (PAS)* 41 Agriculture, is to measure biological assets and agricultural produce at fair value less cost to sell, except for biological assets where fair value cannot be measured reliably, in which case, should…