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Deloitte comment letter on Tentative Agenda Decision - IAS 41 - Valuation of biological assets using a residual method

Published on: Jan 22, 2013

Deloitte's IFRS Global Office has submitted a letter of comment responding to the IFRS Interpretation Committee's tentative decision published in the November 2012 IFRIC Update not to add to the IFRIC’s agenda a request for clarification of the application of the residual method of valuation to biological assets that are physically attached to land.

We agree with the IFRS Interpretations Committee’s decision not to add this item to its agenda pending the residual method of valuation being addressed by either the educational material for IFRS 13 or the IASB’s limited scope project on bearer biological assets.

Download the full comment letter below.


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