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IAS 41
how Biological assets are recognised under IAS 41? is the same critaria is used as in IAS 16?
they have same recognization critaria as per IAS 16 which is as follows
"An entity shall recognise a biological asset or agricultural produce when, and only when:
(a) the entity controls the asset as a result of past events;
(b) it is probable that future economic benefits associated with the asset will flow to the entity; and
© the fair value or cost of the asset can be measured reliably."
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