Reference no: EM132934403
Question - Juliet COr. has a herd of 100 2-year old deers and 50 3-year old deers that are held throughout 2020.
The relevant data of their fair values are as follows:
2-year old deer at Jan 1, 2020 P 3,000
3-year old deer at Jan 1, 2020 4,000
2-year old deer at Dec 31, 2020 3,300
3-year old deer at Dec 31, 2020 4,500
4-year old deer at Dec 31, 2020 5,800
How much is the change in fair value due to physical change?
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: Juliet COr. has a herd of 100 2-year old deers and 50 3-year old deers that are held throughout 2020. How much is change in fair value due to physical change
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