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Reply from samahamed on Feb 15 at 1:14 PM Hi there,
I believe there is no entry for appreciation but yes you can re-valuate the
asset, in your case its $ 21000 credit to revaluation of asset.
Please correct me if I am wrong
Regards,
Ahamed
| | | ---------------Original Message---------------
From: Rizwan ul Haque
Sent: Friday, February 14, 2014 7:01 AM
Subject: Asset Appreciation in a Dairy Farm
I really appreciate the feedback from the forum colleagues.
Dairy farm Cows & cattle treats as a biological asset, it needs to treat depreciation.
I have a complete document (Balance Sheet) with accounting treatment, but I need to discuss with any financial consultant, which has big experience in costing management.
Thanks
Rizwan |
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