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How to show parent stock of cocks using for eggs in fs

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sunilkumar (Querist)
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18 July 2016 sir,
This is the case of doubt regarding how we can show the value of parent stock of breeds in financial statement that are used for egg production. is it fixed assets ?? or inventory

Amol S Joglekar

Amol S Joglekar (Expert)
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18 July 2016 it is shown as "LIVE stock" under fixed asset

sunilkumar (Querist)
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21 July 2016 then what about depreciation

Amol S Joglekar

Amol S Joglekar (Expert)
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21 July 2016 what is the expected life?

sunilkumar (Querist)
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21 July 2016 One and half year

Amol S Joglekar

Amol S Joglekar (Expert)
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21 July 2016 so? the choice is clear.....you need to write off/charge off the value as per expected life

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sunilkumar (Querist)
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21 July 2016 thank you so much sir,can you give me your contact

Amol S Joglekar

Amol S Joglekar (Expert)
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21 July 2016 amolshankar@gmail.com OR amol@vpraca.com
please do write the reference of CA club of india in subject line

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