05-22-2011, 01:20 AM
You used the word "capitalise" which is common for property, plant and equipment items and is not used for other assets.
Trees cannot be treated as inventory as well, if it was meant by you.
For furniture manufacturer, the wood, the work in process, other supportive inventories like polish or paint or nails and the finished form furniture etc are the inventories definitely.
As explained earlier in my very first post on this thread, trees have to be accounted for as Biological Assets under IAS-41.
I guess you would be clear.
Regards,
Trees cannot be treated as inventory as well, if it was meant by you.
For furniture manufacturer, the wood, the work in process, other supportive inventories like polish or paint or nails and the finished form furniture etc are the inventories definitely.
As explained earlier in my very first post on this thread, trees have to be accounted for as Biological Assets under IAS-41.
I guess you would be clear.
Regards,
