HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Accounting » biological assets

Biological Assets

Definition
Farm animals that are classified as assets. International Accounting Standards actually require that these types of assets are recorded on balance sheets at their market value. Once the assets have either been slaughtered or harvested, then the assets will become agricultural produce.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.