Commercial uses of live stock. -indas 16

if a tree or livestock is used in commercial activities not in agricultural use then does it is considered as ppe??
Replies (5)
Quick Summary
This discussion explores whether livestock used for commercial purposes, such as in resorts for attraction or ambiance, should be classified as Property, Plant, and Equipment (PPE). The consensus leans towards classifying them as PPE, particularly if they are 'bearer plants' or contribute to the business's benefit. However, if the livestock is used for breeding, it may fall under agricultural standards.

Ok Ibhave to refresh that gaap but as a gist i can say yes. Because resorts use palm trees and lawns and nature to attract customers which gives a benefit. Im traveling long distance and will get back. Just for gambling sake am i wrong? Please leave your comment here. 

On a second thought, why must you wait for an answer. If it is a bearer plant, it can be capitalised as ppe. Others can be maintenance. But in due course everyone must understand that i like palm trees, bushes and lawns and hedges and flower pots before I stay in a hotel or a resort. Now how about that? There are nonprincioles for that.

Yes agree with your palm trees example in resort sir

Yes I've gone through the standard and it doesn't fall under agriculture because hotel has animals under PPE. It could be for various reasons like tourist attraction or for natural panorama etc. If the hotel is using for breeding purposes, then it's indas agriculture standard.

Thanks sir

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