The CA Hub

CAF-1 · Chapter 7 · Question 11 of 15

Which of the following is considered a 'consumable' biological asset rather than a 'bearer' biological asset?

Test yourself: pick an answer

Reveal answer & explanation

Correct answer: C) Trees being grown in a plantation specifically for lumber.

Explanation

Consumable biological assets are those that are to be harvested as agricultural produce or sold as biological assets, such as trees grown for lumber. Bearer biological assets sustain regular harvests.

All 15 questions in Chapter 7IAS 41 Agriculture MCQs with answers

More IAS 41 Agriculture MCQs

Sponsored slot availableRun a CA academy or hiring firm? Put your name in front of students preparing for this exam.Advertise →